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Like mediation, arbitration makes use of a neutral, qualified third party outside of the court system and focuses on equity and respect in its proceedings. However, unlike mediation, arbitration renders a final, binding decision for the parties, without necessary regard for individual context, input or agreeability from those involved.
Arbitration provides more of a certainty of a final outcome as compared to mediation, and provides a more affordable and speedy option to dispute resolution as compared to court proceedings. Arbitration is a wholly confidential and impartial process that can offer benefits to all parties in a way that pays respect to the tenets of justice and good faith in our complex world.