Jim files a suit against Katy.Before going to trial, the parties meet, with their attorneys to represent them, to present their dispute to a third party who is not a judge but who renders a legally binding decision.This is

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In arbitration, the parties agree to submit their dispute to a third party who listens to the arguments and evidence presented by each side and then renders a legally binding decision. This process is less formal and less expensive than going to trial, but the decision of the arbitrator is final and cannot be appealed except in limited circumstances. Litigation involves going to court and having a judge or jury decide the outcome of the dispute. Mediation involves a neutral third party helping the parties to reach a settlement agreement, but the mediator does not have the authority to impose a binding decision. Negotiation involves the parties trying to come to a mutually acceptable resolution without the assistance of a third party.

Jim Files a Suit Against Katy