Most of the time mediation and arbitration are mentioned
together because both can be used instead of litigation. However they are two
very different things and mediation is considered to be a better option.
Here’s
why...
TIME – Using arbitration
to resolve a conflict or dispute is much faster than going to court, however
mediation is faster. If you use mediation, your problem will be resolved in a
fraction of the time that arbitration takes; sometimes it even takes as little
as one day to completely settle the case.
MONEY –
Arbitration may require an arm and a leg as you will need to hire an attorney
and then the arbitrators also need to be paid. When using mediation you will
almost always save a lot of money. Why? Because the sessions don’t take as long
as arbitration so the bills will be much smaller.
FACTS –
Arbitration mostly concentrates on finding the facts and uncovering the truth,
while mediation likes to emphasize on the future by moving past the conflict
and coming to a mutual agreement.
OUTCOME – During arbitration,
a ruling will be made that is binding to both parties, so you will have no
control of the outcome. In mediation, the parties will determine the outcome by
working together with the mediator to come up with a resolution.
Looking for mediation services in Cape Town at an affordable price? Contact Cape Mediators on 082 422 3324 or pop an email to mike@capemediators.co.za