The cost will vary depending on the arbitrator’s fee, the complexity of the case, and the length of the arbitration. Arbitrator(s) or Arbitration Association will charge the parties for per-hearing conferences and review of documents, as well as time spent preparing the award. There may be an administrative expense if the parties go through an Arbitration Association. The arbitration award the amount of the judgment, and/or other costs to each party.
How much does Arbitration Cost | Arbitrator Fee. 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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