{"id":186374,"date":"2024-02-21T14:27:18","date_gmt":"2024-02-21T14:27:18","guid":{"rendered":"https:\/\/legalvision.co.uk\/?p=186374"},"modified":"2024-05-28T05:37:20","modified_gmt":"2024-05-28T04:37:20","slug":"difference-arbitration-adjudication","status":"publish","type":"post","link":"https:\/\/legalvision.co.uk\/disputes-litigation\/difference-arbitration-adjudication\/","title":{"rendered":"What is the Difference Between Arbitration and Adjudication for Commercial Disputes?"},"content":{"rendered":"\n

When you come across a commercial dispute in a business, there are various ways to resolve it. Ideally, you will settle your conflicts informally and amicably and avoid court proceedings. This will save time and money and help preserve the business relationship. However, there may be times when you need to use alternative dispute resolution (ADR) processes to avoid court litigation. Two of these methods are arbitration and adjudication. It is essential to understand these to choose which to use. This article will explain what arbitration and adjudication are and the difference between arbitration and adjudication for commercial disputes.<\/p>\n\n\n\n

What is Arbitration for Commercial Disputes?<\/h2>\n\n\n\n

Arbitration<\/a> is an alternative dispute resolution (ADR) method for commercial disputes. This means it is a method which is an alternative to court litigation. Either one arbitrator or a panel of them will make a binding decision on the business disagreement. It can take a long time to reach this and it is a formal process. <\/p>\n\n\n

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Guide to Resolving UK Business Disputes<\/div>\n
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This guide outlines how to resolve commercial disputes.<\/p>\n <\/div>\n \n\nDownload Now<\/a> <\/section>\n <\/div>\n\n\n\n\n

For the arbitration process to proceed, parties to the conflict must both agree that arbitration is how they wish to resolve business disputes. They will often have a contract between them to this effect. The contract will contain details of:<\/p>\n\n\n\n