Advantages of Arbitration This is one of the methods that the business people use to settle their disputes. This can be included as a binding or a non-binding agreement when signing contracts. This allows both the aggrieved parties to work out on a plan of settling their cases out of court. Because you will not attend the court sessions this will save you time and also the expenses involved in processing a court case. Both parties have to agree on this process, and they should never be forced to follow this process. Some of the certified agencies that have been approved to listen to these cases included the American Arbitration Association. There are also associations that are available, and they can also be used and identified in the contract. When both parties agree to the process of arbitration both the resolution provider and the arbitrator fee has to be paid. The process can, however, be less expensive than the traditional civil court case. The ADV is geared to limit the court hearings and the process, and the process is more flexible because the both parties have a greater control on the time it will take to sort out the matter and also the hearing dates. When you want to use the arbitration clause, you must negotiate on the most favorable state law and the alternative dispute resolution Jurisdiction. When you choose a local state law you also will get a chance to choose a preferred law firm within your locality to handle your case if you don’t agree on the negotiation level. Get a professional law firm to handle your case, and also the mediator should be certified. For cutting down on the costs restrict your mediator on the things he can talk about. For Example you can restrict him in mentioning only the loser or the winner. They can also opt for the reasoned decision, where in this case the judge gives their reasons for making this decision this depends on whether the case is complicated and will require explanations. When You decide on the long process where the judge or the arbitrator have to give explanations you lose the control you had for the cost and so the process can be a bit expensive. Restricting the appeal will maximize the capability of settling the case before it even proceeds to the judge hearing. They also have time and the opportunity to consider the proposed contracts violation through going through of the objectives. Both parties will come up with a mutual understanding with the assistance of a mediator. The mediator should be neutral and listen to both sides before making a decision. The settlement is reached privately and without involving the public because this is considered a private matter rather than public. The binding arbitration, will allow both the parties to present their positions and also the evidence to the judge who delivers a decision which is final on both parties in the dispute.