- Speed: Arbitration can be faster than court proceedings, which is beneficial for entrepreneurs needing quick resolutions to keep their business operations smooth. - Cost: It is often less expensive than litigation, saving valuable resources for a business. - Confidentiality: Unlike court cases, arbitration proceedings are private, which helps in maintaining the confidentiality of sensitive business information. - Expertise: Parties can select an arbitrator with specific expertise relevant to their dispute, ensuring a more informed decision-making process.