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Summary of the Stages of an Arbitration Hearing Introduction. ... Preliminary issues. ... Outline and narrowing of issues in dispute. ... Hearing of evidence. ... Concluding arguments. ... Arbitration award.

Arbitration has many advantages over litigation in court, such as party control of the process; typically lower costs and shorter time to resolution; flexibility; privacy; awards which are final and enforceable; decision-makers who are selected by the parties on the basis of desired characteristics and experience; and ...

Where public agencies are involved in disputes, these public agencies routinely make the award public. While individual arbitrations are confidential if the parties so determine, the AAA's rules and procedures are available to the public on its Web site and in hard copy.

Arbitration is a private process, whereas litigation is public. This means that litigation is a totally open process and court proceedings are accessible to anyone that wants to attend them. By contrast, there is no public record when it comes to arbitration.

Arbitration tends to be less expensive than litigation because it typically involves fewer procedural hurdles and streamlined processes. Additionally, arbitration can be faster, often resolving disputes more quickly than court cases, which can drag on for years. Another advantage is confidentiality.

There are also some disadvantages of arbitration to consider: No Appeals: The arbitration decision is final. There is no formal appeals process available. Even if one party feels that the outcome was unfair, unjust, or biased, they cannot appeal it.