What are the advantages of arbitration?

Some of the advantages of arbitration include:

• arbitrators are knowledgeable and experienced attorneys or retired Superior Court Judges;
• prompt scheduling, expeditious procedures, and established time frames for each step serve to limit the time required to resolve the case;
• many of the costs associated with the formal court process can be eliminated by arbitration;
• each party tells his or her side of the case to an arbitrator in an atmosphere that is less formal than a court proceeding;
• an arbitrator's decision and award may resolve a case or serve as the basis for further negotiations to a settlement; and
• arbitration awards, if accepted by all parties and confirmed by the court, are legally binding and enforceable