Arbitration is much like an informal trial. In a trial, the judge or the jury make findings about the facts of the case and what relief should be granted. In an arbitration, either a single arbitrator or a panel of arbitrators make findings (decisions) about the facts of the case and what relief should be granted.
Arbitration also serves to lighten the load of a severely overburdened court system.
The decision to arbitrate can be entirely voluntary or required by a contract or other agreement.
Although there are many benefits to the use of Arbitration, because the award of the arbitrator is binding on the parties, the decision to arbitrate is an important one.
Parties entering into voluntary Arbitration should take the time to consider the pros and cons of Arbitration with respect to their dispute.
Disclaimers and Important Information: Any information you receive from this website is not offered as legal advice. The material and information contained on these pages and on any linked pages is intended to provide general information only and not legal advice. You should consult with an attorney licensed to practice in your jurisdiction before relying on any information presented here.