Arbitration FAQ

Frequently Asked Questions Find Facts About Arbitration

What Are The Benefits Of Arbitration?

Arbitration Benefits | Quick Process Avoiding Court

 

The advantages of arbitration include:

– Timely resolution and closure to complex issues

– Lower costs than litigation

– Privacy and confidentiality of issues and parties

– Quick process avoiding court back-logs

– Parties maintain more control over the proceedings than litigation.

 

– Opportunities for Parties to express their interests without objections

 

– Limited case precedent and legal procedures

– Ability to select arbitrator(s)

 

Arbitration Benefits | Quick Process Avoiding Court. 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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