Advantages of Arbitration This is a method that is used to settle distributes and disagreement among the business people. The process of settling the disputes can be included when signing the contracts. This allows both the aggrieved parties to work out on a plan of settling their cases out of court. The cost will be very minimal, and this process of dispute settling saves you time that would otherwise be wasted when going back and forth in court. Both parties have to agree on this process, and they should never be forced to follow this process. These cases are arbitrated by the American Arbitration Association which is one of the most known organization in providing these services. The certified agencies can be quoted on the contracts when signing. When you decide on the arbitration process you have to pay both the arbitrator and the and the resolution provider. The process can, however, be less expensive than the traditional civil court case. The alternative dispute resolution is a flexible process and also convenient to the parties involved because it saves them time and also it gives them the chance to decide on when, where and the time they will meet for the negotiations. Use the most best state law. For most businesses having an alternative dispute resolution that is locally available is advantageous and less expensive, and it also gives a better opportunity and the ability to have the preferred law firm to handle the matter. Get a professional law firm to handle your case, and also the mediator should be certified. Put some restrictions on your mediator to be able to save on costs. They should be allowed to state or mention the winner or loser and without going into the deeper details of the case. Some other cases cannot be restricted as they would require explanations because of their complex nature. When You decide on the long process where the judge or the arbitrator have to give explanations you lose the control you had for the cost and so the process can be a bit expensive. The party can also restrict the ability to appeal decisions and also request the attorney’s fee and the judges’ costs be granted to the prevailing party. They also have time and the opportunity to consider the proposed contracts violation through going through of the objectives. Both parties will come up with a mutual understanding with the assistance of a mediator. The mediator should be neutral and listen to both sides before making a decision. The settlement is reached privately and without involving the public because this is considered a private matter rather than public. The binding arbitration, will allow both the parties to present their positions and also the evidence to the judge who delivers a decision which is final on both parties in the dispute.