Arbitration Services
What Types Of Disputes Can Be Arbitrated?
Arbitration - Types of Disputes:
Arbitration is a non-voluntary alternative dispute resolution process. Unlike mediation, a knowledgeable, independent, and impartial third party is empowered to make a decision. The arbitrator hears the disagreement between one or more parties and after considering all relevant information renders a final decision in favor of one of the parties. Arbitration decisions may be either binding or non-binding, depending on the terms of the arbitration agreement. Binding arbitration decisions may be confirmed by a court and carry the same significance as a court judgment.
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What Types Of Disputes Can Be Arbitrated?
Any type of disagreement can be arbitrated, including contract disputes involving businesses and consumers, domain name disputes, employment claims, real estate and construction issues, and tort and civil rights matters. Generally, arbitration is utilized when there is some sort of adversarial situation and continuing an amicable relationship is not a top priority.