STRATEGY I SOLUTIONS I INTEGRITY
What is Arbitration?
Arbitration is an alternative dispute resolution with processes and negotiation techniques. This method is an alternative to litigation and can save time and money and the need to go to court. Also, relationships can be preserved through processes fostering cooperation and compromise, rather than the traditional adversarial means of dispute resolution.
Alternative dispute resolution or 'ADR' is a name for several dispute resolution processes and techniques, including negotiation, mediation and arbitration. These methods are alternatives to litigation and can be less time consuming and more cost-effective than going to court. Additionally, relationships can be preserved through processes fostering cooperation and compromise, rather than the traditional adversarial means of dispute resolution.
Arbitration is a process whereby the parties to a dispute agree to submit their respective positions to a neutral third party (the 'arbitrator') for resolution. The arbitrator will hear both sides of the dispute and will make a legally binding ruling. Arbitrators have greater leeway in such matters as: active participation in the proceedings, accepting evidence, questioning witnesses, and deciding appropriate remedies. Arbitration can be voluntarily initiated by the parties.
If Arbitration fails to provide a solution then we will provide you with the appropriate advice of Litigation as an alternative.
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