What are the differences between arbitration and judicial hearings? How are they alike? If involved in one of these matters, which would you prefer, and why?

1.What are the differences between arbitration and judicial hearings? How are they alike? If involved in one of these matters, which would you prefer, and why?

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2.In arbitration and judicial hearings there are differences. Arbitration is informal and judicial hearings are formal. Arbitrators are selected by the parties to the disputes. Judges are not. Arbitration is also done outside the court and judicial hearings are done inside the court. Arbitrators will rule on proven past practices seen but not in the contractual agreement when interpreting contract provisions.

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