Introduction
Arbitrators and mediators are involved in dispute resolution as an alternative to settling disputes in a court of law. This is because court proceedings can be expensive and time-consuming. A mediator is a neutral person who encourages and assists parties in reaching a mutually beneficial solution. They are not legally binding and act as a guide and negotiator. An arbitrator, on the other hand, is a formal person who gives both parties the opportunity to explain their positions and makes a legally binding decision. While both roles aim to resolve disputes, there are significant differences in their responsibilities and powers. Mediators are best suited for civil and divorce disputes, while arbitrators play a larger role in complex legal disputes.
Key Takeaways
– Mediators and arbitrators are both involved in dispute resolution and aim to settle disputes outside of court.
– A mediator is a neutral person who encourages and assists parties in finding a mutually beneficial solution. Their decisions are not legally binding.
– An arbitrator is a formal person, often a retired judge or senior advocate, who listens to both parties and gives a legally binding decision. They function more like a judge in a court of law.
