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Learn How the Arbitration Process Works

Arbitration is a form of alternative dispute resolution (ADR), used in place of litigation (going to court) in the hope of settling a dispute without the cost and time of a court cage Litigation is a court-based process that involves a decision that is binding on both parties and a process of appealing the decision. 1

The differences between arbitration and litigation involve the processes themselves and the result of decisions on the disputes. Both are formal processes, but arbitration in many cases is less costly and results in shorter settlement times.

The Process of Arbitration
Arbitration is the process of bringing a business dispute before a disinterested third party for resolution. Arbitration can be held ad hoc (internally by the parties) or with support from an organization

The parties select an arbitrator or a panel. Arbitrators don’t have to be lawyers.’ the parties can select an expert in a field.

Arbitration hearings resemble a trial The third party, an arbitrator, hears the evidence brought by both sides and gives an opinion. Opinions are not public record, as are trial judgments. Sometimes that decision is binding on the parties.

Arbitration hearings resemble a trial The third party, an arbitrator, hears the evidence brought by both sides and gives an opinion. Opinions are not public record, as are trial judgments. Sometimes that decision is binding on the parties.

Arbitration hearings resemble a trial The third party, an arbitrator, hears the evidence brought by both sides and gives an opinion. Opinions are not public record, as are trial judgments. Sometimes that decision is binding on the parties.

Arbitration hearings resemble a trial The third party, an arbitrator, hears the evidence brought by both sides and gives an opinion. Opinions are not public record, as are trial judgments. Sometimes that decision is binding on the parties.

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