Mediation vs. Arbitration

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Mediation vs. Arbitration by Mind Map: Mediation vs. Arbitration

1. Qualifications of an Arbitrator

1.1. 10 Years Professional Business or Legal Experience

1.2. Degree or Professional license in area of expertise

1.3. Training in Arbitration

1.4. Membership in a Professional Association

1.5. Other relevant experience

2. Qualifications of a Mediator

2.1. Appropriate educational degree in conflict resolution, public policy or law

2.2. Licensure or Certification

2.3. Experience varies

2.4. Key skills in decision making, listening and critical reasoning

3. Advantages of Arbitration

3.1. Most definitive form of third party intervention

3.2. Arbitrator has the power to decide and dictate settlements

3.3. Guarantees a solution to an impasse

4. Disadvantages of Arbitration

4.1. Parties may need to commit to accepting the arbitrator's award

4.2. Can be difficult to appeal

4.3. Can be a slow process

5. Advantages of Mediation

5.1. Typically voluntary

5.1.1. Proceedings and Results are private

5.1.2. Does not render an outcome - this is left up to the parties

6. Disadvantages of Mediation

6.1. It is possible to get an inexperienced mediator

6.2. Both parties must agree to the outcome

6.3. It may not save time or money