What is litigation and how does it differ from mediation, conciliation and arbitation?

The only thing those words have in common is "....ation".

check it out on wikipedia.com

litigation seeks a courts ruling, mediation means we sit down and mediate the situation a lawyer sits in the middle and helps them work it out,

Mediation - We get together and discuss the problem.

Conciliation - We come to a mutual agreement.

Arbitration - We bring in a mutually agreed on, disinterested outsider, who will decide what the solution to our problem will be. Binding arbitration means that we have agreed to be bound to whatever decision the arbitrator makes.

Litigation - We go to court and argue our points of view to a judge, who will tell us what our solution will be. That decision will have the force of law and we are bound by it.

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