Archive for arbitration

Friday, October 5th, 2012 @ 11:57PM

WHAT IS ARBITRATION?

Arbitration is a method of resolving disputes between two or more parties. Just as differences may be concluded by negotiation, mediation or ligation, so may they be resolved through arbitration. In an arbitration, a neutral person who is uninvolved in the dispute (the arbitrator) listens to the parties express their…

Friday, October 5th, 2012 @ 11:40PM

WHY ARBITRATE?

Fast, Informal, Private, Cost-Effective, Final

Friday, October 5th, 2012 @ 11:37PM

WHAT ISSUES CAN BE RESOLVED BY ARBITRATION?

Arbitration may be used to decide virtually any type of claim which the parties agree to submit. Certain types of claims may be excluded by statute from arbitration under a real estate listing or sales agreement. Examples include bodily injury, wrongful death, foreclosure, marital dissolution, probate or eviction proceedings. Other…

Friday, October 5th, 2012 @ 11:34PM

WHAT ARE SOME ADVANTAGES OF ARBITRATION?

When disputes are finalized through arbitration, resort to the judicial system is avoided. Courts are backlogged. Cases move slowly, the formal rules are cumbersome, and a trial may not take place for many months or even years. The delays inherent in litigation create an emotional and financial hardship on all…