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Give any differences between Arbitration and Mediation as alternative dispute resolution methods.

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Differences between Arbitration and Mediation :

Arbitration Mediation
Arbitration is a private arrangement of taking disputes to a less adversarial, less formal and more flexible forum and abiding the judgment of a selected person. Mediation is a method of ADR in which parties appoint a neutral third party who facilitates the mediation process in order to assist the parties in achieving an acceptable, voluntary agreement.
Role of an arbitrator is that of an adjudicator. Role of a mediator is that of a facilitator.
Arbitration proceedings end with a binding award by the arbitrator. Mediation proceedings are successful when the disputing parties mutually arrive at a decision. Mediator does not suggest any solution to the parties.

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