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Arbitration. Arbitration uses an independent arbitrator, usually from the Chartered Institute of Arbitrators (CIArb), to make an independent decision about your complaint. The decision the arbitrator makes is legally binding. You wont be able to go to court later if you dont agree with the outcome.
Mediation Mediation can be effective at allowing parties to vent their feelings and fully explore their grievances. Working with parties together and sometimes separately, mediators can try to help them hammer out a resolution that is sustainable, voluntary, and nonbinding.
The primary types of ADR in India are arbitration, mediation, conciliation, negotiation, and Lok Adalats. These all have different approaches, from formal processes to very informal processes.
The New Jersey Office of Complementary Dispute Resolution (CDR) provides mediation, arbitration and other services complementary to traditional litigation in order to settle disputes outside of court.
Binding arbitration involves the presentation of a dispute to an impartial or neutral individual (arbitrator) or panel (arbitration panel) for issuance of a binding decision. Unless arranged otherwise, the parties usually have the ability to decide who the individuals are that serve as arbitrators.
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Arbitration is less formal than a trial and the rules of evidence are often relaxed. In binding arbitration, parties agree to accept the arbitrators decision as final, and there is generally no right to appeal.

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