Arbitration is another, more traditional, process for resolving business related conflicts. In recent years it has also gained favor from businesses who want their disputes settled quickly and economically by a person with no interest in the outcome - a neutral person(s).

"Arbitration has gained favor from businesses who want their disputes settled quickly and economically."

In using arbitration, parties retain some control by choosing the arbitrator(s) and the rules to be used at the hearing. However, unlike mediation, they do relinquish the final outcome of the conflict to the arbitrator. Much like having a private judge, after hearing both sides of the issue, the arbitrator renders a decision. In binding arbitration, the arbitrator's decision is final and, only in the rarest of circumstances, will a judge overturn the decision.

Postive Solutions Group, LLC.

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