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Arbitration is a faster, simpler, and less expensive alternative to litigation. Disputes are brought before a neutral third party (the arbitrator) who, after carefully reviewing all of the relevant information, issues a final decision in favor of one of the parties.
The parties involved, along with their attorneys, the arbitrator, and the parties' witnesses attend the arbitration session. Each party makes an opening statement, presents evidences, questions and cross-examines witnesses, and makes a closing statement. Upon consideration of the evidences, the arbitrator makes a decision.
With an arbitration, parties can tailor the proceeding in almost any manner they chose. You can select an arbitrator experienced in the subject matter of the dispute. In complex matters this can save time and money in understanding the issues.
Arbitration is:
- Fast: Arbitration is a process that is generally much quicker than going to court. This is due to the fact that courts are usually congested and it can often take months, if not years, before the parties get to present their case to a judge. An arbitrator can hear the parties’ arguments much quicker and with fewer bureaucratic hoops.
- Binding: Not only is the ultimate decision of an arbitrator final, but testimony given to an arbitrator is usually under oath and can be used against you later.
- Specific: Arbitrators often know more about the issues in dispute than a judge would because they have specialized in certain types of disputes. This could lead to better informed decisions.
Consumers, businesses and government departments—even courts themselves—have successfully used arbitration programs to resolve disputes, and there is widespread satisfaction with the process. Arbitration offers parties a decisive legal outcome to their dispute without the expense and inconvenience of court proceedings and attorney fees.
Click here to review the ENGLISH version our arbitration agreement.
Click here to review the SPANISH version our arbitration agreement.
Click here to review the CREOLE version our arbitration agreement.
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