What is typically a characteristic of arbitration compared to court trials?

What is typically a characteristic of arbitration compared to court trials?

• A. More discovery procedures
• B. Greater public exposure
• C. Lower costs and faster resolutions
• D. Less confidentiality

Answer: (C)

Arbitration is often characterized by lower costs and faster resolutions compared to court trials. This efficiency stems from several factors. Firstly, arbitration generally involves a streamlined process with fewer formalities and procedures than a court trial. This helps reduce the time and resources needed for both parties. Additionally, arbitrators are often chosen for their expertise in a specific area, which can lead to more direct and informed decision-making. Moreover, arbitration typically avoids the lengthy discovery process that court trials entail, further contributing to speed and cost savings. Parties can agree on the rules governing the arbitration procedure, often leading to a more efficient resolution of disputes. Thus, the characteristic of lower costs and faster resolutions makes arbitration an attractive alternative to traditional court trials.

Arbitration is often characterized by lower costs and faster resolutions compared to court trials. This efficiency stems from several factors. Firstly, arbitration generally involves a streamlined process with fewer formalities and procedures than a court trial. This helps reduce the time and resources needed for both parties. Additionally, arbitrators are often chosen for their expertise in a specific area, which can lead to more direct and informed decision-making.

Moreover, arbitration typically avoids the lengthy discovery process that court trials entail, further contributing to speed and cost savings. Parties can agree on the rules governing the arbitration procedure, often leading to a more efficient resolution of disputes. Thus, the characteristic of lower costs and faster resolutions makes arbitration an attractive alternative to traditional court trials.