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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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WB Firefightersapos Pay Hike Cost City Less Than Legal Fees In Arbitration Pr...
Wilkes Barre Times Leader WB firefighters39 pay hike cost city less than legal fees in arbitration process Wilkes Barre Times Leader WILKES BARRE From the city39s standpoint, the wage increase recently awarded to firefighters via arbitration doesn39t put it in a bind even though its legal fees for the process wound up costing more than the pay hike itself. If the city simply and more raquo

Chief Of GSU Law Arbitration Returns To Private Practice Law.com
Law.com Chief of GSU Law Arbitration Returns to Private Practice Law.com His recruitment was part of a push by the city39s legal, business and political leaders to make Atlanta a hub for international arbitration. GSU said in a statement that Grubbs helped design and launch the hearing facility and has overseen all aspects

Arbitration Agreement Upheld In Retail Workeraposs Employment Dispute Law.com
Law.com Arbitration Agreement Upheld in Retail Worker39s Employment Dispute Law.com A former J.C. Penney employee has to submit her employment dispute to binding arbitration even though the form she signed to give assent did not recite the entire policy, a New Jersey appeals court has ruled. The Appellate Division reversed the

Nelson Levine ExChair Renews Plea For Partner Arbitration Law.com
Law.com Nelson Levine Ex Chair Renews Plea for Partner Arbitration Law.com As a result, they said, Nelson has now waived his right to arbitration. Nelson, in his latest motion, argued he has not waived arbitration because the earlier suit was in the Montgomery County Court of Common Pleas, and the plaintiff was the firm, not

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Facts of Law explaining what is arbitration

Facts of Law - What Is Arbitration