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Is Arbitration the Same as Mediation?

In Business Tips, Dispute Resolution by Jay BellLeave a Comment

Many people confuse ‘mediation’ with ‘arbitration’, and some use the terms interchangeably. Fear not, you will never do that after reading this short breakdown. “Mediation” is a voluntary settlement conference where opposing parties attempt to settle their dispute using a 3rd party mediator, usually a lawyer or retired judge. The mediator does not make any decisions but merely tries to …