Arbitration May Be The Right Venue For Your Legal Dispute
Arbitration is a nonjudicial proceeding used as an alternative form of dispute resolution. It takes place in the presence of a neutral decision-maker – the arbitrator – who listens to each side’s case and makes a binding decision or award. The arbitration process is set forth in an arbitration agreement designed by the parties and includes provisions for time lines, discovery, hearings and the award. The arbitrator’s award, once confirmed by the district court, is enforceable as a judgment.
The attorneys at P. Mars Scott Law Offices have nearly 50 combined years of legal experience, and they regularly help clients resolve their disputes through litigation and alternative processes. As you’ll discover on this page, the benefits of arbitration make it a very attractive alternative to courtroom litigation.
The Advantages Of Using Arbitration
The benefits of arbitration include:
- The parties may select an arbitrator with specific expertise regarding their issue(s).
- Arbitration often provides a quicker resolution of your case than courts can provide.
- Arbitrators can render provisional measures.
- Arbitration limits appeal options.
- All proceedings and outcomes are confidential.
- The cost is dependent upon factors controlled by the parties and the complexity of the case.
In short, arbitration gives both parties more control over costs, the time line, privacy and other important factors when compared with litigation.