Contracts & ExecutionQuestion 832 of 1605

How does mediation differ from binding arbitration?

a.Mediation is only available for public works
b.Mediation always results in a legally binding award
c.Mediation requires a judge and jury
d.In mediation a neutral facilitates settlement but cannot impose a decision, whereas an arbitrator can render a binding decision

Explanation

In mediation, a neutral third party helps the disputing parties communicate and negotiate a voluntary settlement but has no power to impose a decision; any resolution requires the parties' agreement. In binding arbitration, by contrast, the arbitrator issues a decision the parties are bound to follow. Mediation does not use a judge and jury and is widely available in private and public disputes alike, not limited to public works.

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