How does an arbitration case work?
Arbitration is a private process where disputing parties agree that one or several individuals can make a decision about the dispute after receiving evidence and hearing arguments. The arbitration process is similar to a trial in that the parties make opening statements and present evidence to the arbitrator.
How long does it take for an arbitration case to be heard?
Once an arbitrator is selected, an optional arbitration hearing can be heard immediately, meaning parties don’t have to be at the mercy of the court’s schedule to have cases resolved. For smaller arbitration cases that involve two parties, the case can be resolved in as little as a few weeks as opposed to months or years in litigation.
What do you need to know about arbitration law?
What is Arbitration law? Arbitration is the dispute settlement process between two agreeable parties to appoint an arbitrator to give a binding solution on the dispute. It is a way to settle disputes outside the courts thereby saving time and resources at the same time.
How to seek arbitration for a business dispute?
How to Seek Arbitration. When you have a dispute with a business or another person, you might file a lawsuit in court. You also have the option to submit your dispute to arbitration. Arbitration is like a trial except a private person (the arbitrator) serves as the judge.
Can a good advocate win an arbitration case?
Even the best advocate can’t win an un- winnable case. But for the many cases that could go either way, the quality of advocacy is often the decisive factor. Having conducted arbitrations for 22 years and observed both very good and very bad advocates, I have concluded that those who observe the following rules generally win their cases.
Once an arbitrator is selected, an optional arbitration hearing can be heard immediately, meaning parties don’t have to be at the mercy of the court’s schedule to have cases resolved. For smaller arbitration cases that involve two parties, the case can be resolved in as little as a few weeks as opposed to months or years in litigation.
When to use arbitration to resolve a dispute?
Many contracts contain a dispute resolution provision that provides that, in the event of a dispute among the parties, that dispute will be resolved by arbitration and not litigation. There are a number of reasons to use this procedure.
Which is better, a court case or arbitration?
And most parties in arbitrations will also hire lawyers to help them through the process, adding to their costs. Still, resolving a case through arbitration is usually far less costly than proceeding through litigation because the process is quicker and generally less complicated than a court proceeding.
Even the best advocate can’t win an un- winnable case. But for the many cases that could go either way, the quality of advocacy is often the decisive factor. Having conducted arbitrations for 22 years and observed both very good and very bad advocates, I have concluded that those who observe the following rules generally win their cases.