Letters and Forms

What is arbitration?


Arbitration is a private legal procedure used to resolve disputes between two or more parties.? The parties submit their dispute to an impartial third party for resolution.? Arbitration is an alternative to court-based litigation.




Why use arbitration?

• Arbitration is generally quicker and less expensive than court-based litigation.


• Arbitration has simpler rules and the parties can agree to additional provisions.


• The parties have more control over when, where and how to resolve the dispute.

Is Arbitration binding?


Yes, except in cases in which the parties agree to non-binding arbitration, also known as advisory arbitration.? The arbitrator's decision is called an award and the award is enforceable in a court of law.