Mediation resolves conflict fast.
Mediation is when a neutral person with special knowledge seeks to resolve
a lawsuit or other dispute, by meeting with the parties in order to obtain
a swift and fair negotiated settlement. Arbitration decides disputes with
informal hearings before one arbitrator or several arbitrators.
There is no jury. Arbitration is much quicker and much less expensive that
going to trial before a Court. Unlike mediation, arbitration has no
negotiation. The arbitrator hears the evidence in a case and decides if
there will be any award and, if so, how much the award will be.