One commonly cited advantage of arbitration over traditional litigation is that it:

Giải thích

Arbitration is often chosen because it can be quicker, more private, and less formal and expensive than a court trial, and the parties can select an arbitrator with industry knowledge. It does not guarantee a larger award, does not remove the need for a contract, and in fact typically offers very limited appeal rights, since finality is one of its features. Speed, privacy, and flexibility are its recognized benefits.