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What Is Arbitration?

Arbitration is the adjudication of a claim which is less formal than litigation in court. It is a streamlined legal procedure. The arbitrator is usually an individual or a tribunal selected by the parties involved or by a neutral party. Arbitration is, most often used for the resolution of disputes between businesses or between a business and its customers.

Unlike mediation, an impartial, knowledgeable third party is empowered to make decisions during the proceedings. During a mediation, the mediator has no authority to issue binding decisions. Arbitration is also sometimes used to scare debtors into paying up. And it is also commonly used in labor relations to resolve grievances.

The Employee Free Choice Act allows the use of arbitration to create a contract when the parties cannot do so themselves. Arbitration is often encouraged over traditional court litigation because arbitration generally results in faster resolution and usually is less expensive than litigation. In addition, arbitration results are private and can only be made public with the consent of the parties involved. Arbitration is well-established and widely used. It is one of several types of alternative dispute resolution.

 

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More Than A Decade Later, Arbitration Award Against Church Leader Revived La...
Law.com More Than a Decade Later, Arbitration Award Against Church Leader Revived Law.com In recently denying reargument after more than a decade of litigation, the Commonwealth Court has cemented its decision to reinstate an arbitration award in a case in which a church leader was found to have misappropriated church money. On Nov. 29, a

Arbitration Agreements: Is A Signature Enough McKnightaposs Long Term Care News
McKnightaposs Long Term Care News Arbitration agreements: Is a signature enough McKnightaposs Long Term Care News What a difference a year makes. In 2016, federal agencies proposed rules banning pre dispute arbitration in long term care admissions. Now, arbitration is widely accepted. Still, not all signed arbitration agreements are valid. This scenario especially

Watertown, Firefighters Union Await Decision On Arbitration WWNY TV 7
WWNY TV 7 Watertown, Firefighters Union Await Decision On Arbitration WWNY TV 7 The firefighter39s union wants a decision on its staffing levels to be made by an outside arbitrator. After making their cases Tuesday in state Supreme Court, lawyers and both sides will wait a few weeks for a decision. The city wants fewer firefighters

Should George Springer Win His Arbitration Hearing FanRag Sports Blog
FanRag Sports blog Should George Springer win his arbitration hearing FanRag Sports blog Arbitration deadline day came and went at the end of last week. Josh Donaldson set an all time arbitration record with his 23 million salary, while Kris Bryant broke the first year mark with his 10.85 million payday. Manny Machado avoided a hearing

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Facts of Law explaining what is arbitration

Facts of Law - What Is Arbitration