Discussion
Explain how "Mediation" is different from "Arbitration" and, for arbitration, the difference between "binding arbitration" and "non-binding arbitration." Explain what type of setting each is best suited for. For each, explain why you would want to include that type of ADR as the prescribed method of dispute resolution in a contract; In other words, when drafting a contract, parties have the ability to agree in advance how they will handle disputes arising under that contract and that method can specify a type of ADR to be used rather than going to court ("litigation").
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.