Although it is more informal than court trial, arbitration is an adversarial process. You do not need a lawyer, however it is advisable to retain one since the process is adversarial and binding. The expenses of retaining a lawyer is assumed by each party unless there are provisions agreed to prior to arbitration. Each party will be required to present their position and interest by calling witnesses and presenting documentary evidence, and making arguments to persuade the arbitrator to rule in its favor.
Do I Need A Lawyer In Arbitration | Arbitration Lawyer. Arbitration is a non-voluntary alternative dispute resolution process. Unlike mediation, a knowledgeable, independent, and impartial third party is empowered to make a decision. The arbitrator hears the disagreement between one or more parties and after considering all relevant information renders a final decision in favor of one of the parties. Arbitration decisions may be either binding or non-binding,depending on the terms of the arbitration agreement. Binding arbitration decisions may be confirmed by a court and carry the same significance as a court judgment.
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