![]() ![]() ![]() And among its different benefits most distinguishable benefit of arbitration over litigation is its cost and time efficacy. Generally people prefer arbitration over litigation because it is less expensive, quicker, secure and offers more privacy to the parties. The arbitrators listen to the arguments made by the parties in conflict and on the basis of that they make a unbiased decision beneficial for both the parties. Under the process of Arbitration the use of a neutral third party or panel of third parties known as Arbitrator(s) is hired to settle the dispute between parties in conflict, it is a process of resolving the dispute outside the court. Advantages of Arbitration over LitigationĪrbitration is mostly referred to as contradictory to litigation.
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