Mediation and Arbitration are alternative dispute resolution (ADR) methods. ADR methods are generally less adversarial, costly, and time-consuming than litigation.
In mediation, a neutral third-party mediator facilitates a resolution between opposing parties without imposing a final decision.
In arbitration, a neutral third-party arbitrator facilitates a resolution between opposing parties by making a binding final decision. Participation in arbitration is usually voluntary for both parties.