Arbitration is an alternative dispute resolution method where an impartial third party (the arbitrator) resolves a conflict outside the court system. Unlike court litigation, arbitration is typically faster, less formal, and more cost-effective.

Arbitration can be used to resolve a wide range of disputes, including construction, commercial, contract breaches, and property-related conflicts.

The cost of arbitration varies depending on the complexity of the case and the arbitrator’s fees. However, arbitration is often less expensive than going to court because it typically involves fewer procedural steps and a quicker resolution.

While it is not mandatory to have a lawyer for arbitration, it is highly recommended, especially if the dispute is complex. A lawyer can help you navigate the arbitration process and present your case effectively.

Arbitration is ideal when both parties seek a quicker resolution, prefer privacy, or want to avoid the lengthy process of court litigation. It’s commonly used in construction contracts, commercial agreements, and business disputes.

The duration of arbitration depends on the complexity of the dispute. Typically, arbitration is faster than court litigation, often taking a few months to resolve.

Benefits include faster resolutions, cost-effectiveness, privacy, flexibility, and the ability to choose an expert arbitrator in the relevant field.

To begin arbitration, you typically need to have an arbitration clause in your contract. If the clause exists, both parties can mutually agree on an arbitrator and a location. If there’s no clause, you can still initiate arbitration by mutual consent or court order.