What is an advantage of arbitration?

Question

Quizplus · Accepted Answer

Arbitration is generally less expensive than litigation because it does not involve the same level of court processes and procedures, which can save time and money. Additionally, parties can agree to choose an arbitrator who has expertise in the specific field or industry related to the dispute, which can lead to greater consistency and expertise in decision-making. However, outcomes are generally not subject to appeal, and the process can still be lengthy depending on the complexity of the dispute.

What Is an Advantage of Arbitration