How do I choose the right dispute resolution method?

What factors should I consider when choosing a dispute resolution method?

You should consider factors like the nature of the dispute, the relationship between parties, costs, and time.

Can you explain the differences between mediation and arbitration?

Sure! Mediation is a collaborative process where a neutral third party helps facilitate a resolution, while arbitration involves a neutral third party making a binding decision.

Which method is generally faster and less expensive?

Mediation is typically faster and less expensive than arbitration, as it focuses on negotiation rather than a formal hearing.

Are there any situations where litigation is preferred?

Yes, litigation may be preferred in cases involving complex legal issues or when a legal precedent is needed.

How can I prepare for mediation?

To prepare for mediation, gather relevant documents, clarify your goals, and consider potential compromises.