Upside of Arbitration

Arbitration is a form of alternative dispute resolution whereby a dispute between two or more parties is resolved by an impartial person(s), known as an arbitrator. It is designed to be a prompt, less formal, and inexpensive way of resolving disputes.

Parties have a full and equal opportunity at the hearing to present any material and relevant evidence and the hearing is private and confidential to the extent allowed by law. The arbitrator may require witnesses to testify under oath and may require parties to submit documents or answer questions prior to the hearing. Arbitration hearings are conducted similar to court trials, except arbitration hearings are less formal. At the opening of the hearing, the arbitrator may ask the parties to clarify the issues to be decided.
Read More