What is arbitration and how does it work?

What is arbitration and how does it work?

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

What are the advantages of choosing arbitration over litigation?

Some advantages include faster resolution, confidentiality, and the ability to choose an expert arbitrator.

Are there any disadvantages to arbitration?

Yes, disadvantages can include limited appeal options and potentially higher costs depending on the arbitration process.

How do I initiate an arbitration process?

To initiate arbitration, you typically need to file a request with the chosen arbitration institution and pay any required fees.