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- Arbitration is a method of resolving disputes outside of court12. Here are the key points:
- Parties refer their disputes to an arbitrator who reviews the evidence, listens to the parties, and then makes a decision1.
- The arbitration process is less formal than a courtroom hearing or trial, but more formal than mediation or negotiation1.
- Both parties must agree to arbitration3.
- The decision of the arbitrator is final and can be enforced3.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Arbitration is a method of resolving disputes outside of court. Parties refer their disputes to an arbitrator who reviews the evidence, listens to the parties, and then makes a decision. The arbitration process is less formal than a courtroom hearing or trial (and often less expensive), but more formal than mediation or negotiation.www.nolo.com/legal-encyclopedia/arbitration-basic…Arbitration is a process in which two parties in a dispute use an independent, impartial third party to settle the dispute, often by making a decision that they both agree to.www.dictionary.com/browse/arbitrationThe principal characteristics of arbitration are:
- Consensual by both parties. Arbitration can only take place if both parties have agreed to it. ...
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