Hello Everyone,
As we all have little idea of legal aspects and how it works. We know outside of court settlement is best option which saves time and money, get more privacy and become less stressful. There are two types of alternative dispute resolution which I think works better such as
Arbitration- Arbitrators are usually retired judge and senior lawyers. Arbitration follows the same process as in court; it makes a decision based on evidence but less formal way.
Mediation- Mediation is generally dispute by neutral third party. Mediation does not issue orders, attempts to limit the issues, urges parties to talk to each other, helps them negotiates, suggests solution and finally persuades them to accept a specific resolution. The parties do not reach a resolution unless all sides agree.
What are the other methods of out of court dispute resolution works best and why?