What is the arbitration process?

What is the arbitration process?

The arbitration process is a method of resolving disputes outside of court, where an impartial third party makes a binding decision.

How does it differ from mediation?

Unlike mediation, where a mediator helps parties reach a mutual agreement, arbitration results in a decision made by the arbitrator.

What are the steps involved in arbitration?

The steps typically include filing a claim, selecting an arbitrator, presenting evidence, and receiving a final decision.

Is arbitration legally binding?

Yes, arbitration decisions are generally legally binding and enforceable in court, similar to a court judgment.

Can I appeal an arbitration decision?

Appeals in arbitration are very limited and usually only possible in cases of misconduct or if the arbitrator exceeded their authority.