What is arbitration
- when should arbitration be used
- when would arbitration be used
- when can arbitration be used
- when should arbitration not be used
Advantages and disadvantages of arbitration pdf.
Is arbitration legally binding
Like all alternative dispute resolution methods, arbitration pros and cons must be highlighted and evaluated. While arbitration has many benefits that make it the best choice in various cases, occasionally, disadvantages may make parties consider other dispute resolution options.
This article will explore the advantages of arbitration when it is used to resolve legal disputes.
After that, this article will evaluate the disadvantages of resolving a dispute through arbitration and end with a discussion of some of the most important considerations for deciding whether or not arbitration is the best choice.
However, before any of this, this article will explain the basics of arbitration and ADR to help all parties decide if they are willing to consider arbitration.
Defining Arbitration
Arbitration is resolving legal disputes through an arbitrator or an arbitral tribunal.Of the ADR options, arbitration hearings are the most similar to traditional litigation.
It typically ends in a binding arbitration award that the parties must comply with. However, arbitration is significantl
- when can arbitration not be used
- when to use arbitration