What are the differences between arbitration and litigation?
An example of an AI chatbot conversation about arbitration vs litigation.
What are the differences between arbitration and litigation?
Arbitration is a private dispute resolution process, while litigation is a public court process. Would you like to know more about the pros and cons of each?
Yes, what are the advantages of arbitration?
Arbitration is generally faster, more flexible, and can be less expensive than litigation. It also allows for more privacy.
What about the disadvantages?
Disadvantages of arbitration include limited appeal options and the potential for arbitrators to be biased, depending on the selection process.
Can you give me an example of when to choose arbitration over litigation?
Choosing arbitration is often best in commercial disputes where parties seek a quicker resolution and want to avoid public exposure.
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