Mediation vs. Arbitration

Mediationnoun

Negotiation to resolve differences conducted by some impartial party.

Mediationnoun

The act of intervening for the purpose of bringing about a settlement.

Mediationnoun

The act of mediating; action or relation of anything interposed; action as a necessary condition, means, or instrument; interposition; intervention.

Mediationnoun

Hence, specifically, agency between parties at variance, with a view to reconcile them; entreaty for another; intercession.

Mediationnoun

negotiation to resolve differences conducted by some impartial party

Mediationnoun

the act of mediating

Mediation

Mediation is a structured, interactive process where an impartial third party assists disputing parties in resolving conflict through the use of specialized communication and negotiation techniques. All participants in mediation are encouraged to actively participate in the process.

Arbitrationnoun

The act or process of arbitrating.

Arbitrationnoun

A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.

Arbitrationnoun

In general, a form of justice where both parties designate a person whose ruling they will accept formally. More specifically in Market Anarchist (market anarchy) theory, arbitration designates the process by which two agencies pre-negotiate a set of common rules in anticipation of cases where a customer from each agency is involved in a dispute.

Arbitrationnoun

The hearing and determination of a cause between parties in controversy, by a person or persons chosen by the parties.

Arbitrationnoun

(law) the hearing and determination of a dispute by an impartial referee agreed to by both parties (often used to settle disputes between labor and management)

Arbitrationnoun

the act of deciding as an arbiter; giving authoritative judgment;

Arbitrationnoun

the use of an arbitrator to settle a dispute

Arbitration

Arbitration, a form of alternative dispute resolution (ADR), is a way to resolve disputes outside the judiciary courts. The dispute will be decided by one or more persons (the 'arbitrators', 'arbiters' or 'arbitral tribunal'), which renders the 'arbitration award'.