What are the advantages and disadvantages of using each of the three methods to settle your dispute?

UNIT 10 DISCUSSION INSTRUCTIONS
Evaluate the advantages and disadvantages of using law when disputes arise.
Four years ago, you decided to follow your lifelong passion and open up a restaurant with your cousin Hazel.
You are now trying to determine which method of dispute resolution would be best and most cost effective and would provide the fastest resolution. Assume that you have tried to talk to her and work it out but that she is not willing to change her mind. Please answer the following:
Which of the following would you use to settle the dispute between you and Hazel — litigation, mediation, or arbitration? Explain why. Also, in your answer describe each of the three methods, supporting your answer with the textbook and at least one outside source.
What are the advantages and disadvantages of using each of the three methods to settle your dispute?