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Posted by Richa Sinha 8 years, 1 month ago
- 3 answers
Sahdev Sharma 8 years, 1 month ago
Similarities:
- Both are effective tools to resolve disputes between parties.
- Both are decided by an indepent third party.
Sahdev Sharma 8 years, 1 month ago
Difference Between Litigation and Arbitration:
- Litigation is a law suit which arbitration is not
- Litigation always involves hearings in a court of law in front of a jury while arbitration involves resolution of disputes through a neutral third party
- Litigation is expensive as it involves various fees of attorneys and the court whereas arbitration is faster and cheaper
- An arbitrator, though normally he is a lawyer or a former judge, can be a person with no formal legal experience. In litigation this is not possible.
- Inlitigation, losing party can appeal in a higher court of law while this is not possible in arbitration.
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Alka Mishra 7 years, 8 months ago
1Thank You