Schedule of Fees
$225.00 per party for mediation/$300.00 per party for arbitrations. The administrative fee includes coordination and scheduling time, use of Aequitas’ facilities, complimentary snacks and beverages, document handling and exchange facilitation, copying, faxing, postage and administrative support. Courier service, express or overnight mail charges are not covered and will be invoiced to the party requesting or incurring same. Lunch will be provided upon request and invoiced to the parties at cost.
Range- $200.00-$400.00 per hour. Arbitrators and Mediators set their own hourly rate and professional time incurred by said neutral can include, but is not limited to preparation time, the mediation or arbitration session, extra sessions or follow-up time, and any expected research or reading time incurred. A portion of the arbitrator’s/mediator’s hourly rate is retained by Aequitas as part of its administrative fee. Depending on the distance traveled, arbitrators and mediators may charge for travel time and expenses.
Aequitas does not charge an administrative fee if a case is withdrawn before an arbitration hearing or mediation session has been scheduled. However, if a case settles or is withdrawn after Aequitas has confirmed a date with the parties, Aequitas will be entitled to its administrative fee and the neutral is entitled to a minimum (2) two-hour cancellation charge and/or may bill for any time actually spent on the case. A case that has been scheduled for more than one day which is cancelled, settled or withdrawn within ten (10) business days of the confirmed date will be assessed a minimum (4) four-hour cancellation charge for the neutral in addition to any time actually incurred by the neutral and the administrative fee.
All fees and expenses will be split between the parties or paid as otherwise agreed. Aequitas may require the parties to deposit such sums of money as deemed necessary to cover the expense of the proceeding, including the neutral’s compensation and shall render an accounting to the parties at the conclusion of the matter, returning any balance due, if applicable. Otherwise, Aequitas will bill the parties at the conclusion of the proceedings, and if requested will bill for said services in accordance with any agreement reached by the parties with respect to apportionment of said fees. Notwithstanding such agreement nothing therein shall be construed to relieve the parties and/or their attorneys/representatives from liability to Aequitas in accordance with the executed Mediation Agreement or Arbitration Contract which are incorporated herein by reference.