Taking into account the potentially vast differences in procedure offered by the various Dispute resolution bodies, selecting what type of dispute resolution forum should be of a great importance to all the parties. You need to make a choice out of either litigation or Arbitration.
Prior to choosing either of them, it is important o acknowledge the difference between the two. Litigation is considered a default dispute resolution method that makes use of state as well as federal costs to resolve all the matters. On the contrary, arbitration involves a third person or institution to get any dispute resolved.

Benefits you can avail with arbitration

• Quick and less expensive
  Now, there is no need to pay for the filing and court fees, thus it saves your money. Moreover, it is quick as you can now complete the whole process quickly as compared to the court procedures
• Maintains confidentiality
  Whatever the circumstances, the details of the dispute will never be put on the public record. Rather, they will be kept secret thus making it sure that no details are being leaked.
• Feel free to choose the arbitrator You can have the ability to choose the arbitrator who can determine the outcome of your dispute. Go for the one who has some specific experience dealing with the type of dispute that you have-

Needless to say, arbitration is a quite simple procedure as compared to litigation or court proceeding. During arbitration, the party cannot have access to the document or other type of information from the other party. Arbitration usually involves an arbitration agreement that is signed by both the parties. With this agreement, the parties agree to arbitrate any dispute in the future instead of going to court.

Therefore, arbitration allows the parties an opportunity to design the procedural rules under which their disputes will be resolved.