What is arbitration?

Arbitration is a type of alternative dispute resolution (ADR) law used in Arizona and other states. In arbitration, a dispute between two parties is resolved outside of the court system and is usually handled by an independent third party called an arbitrator. The arbitration process allows parties to present their argument and evidence before an impartial arbitrator. The arbitrator will make the final determination to the dispute. The process of arbitration is private and less formal than going to court. Parties can agree on the rules of arbitration and the number of arbitrators that will be involved. During the process, each side is given the opportunity to present evidence, make arguments, and present witnesses. After listening to each side, the arbitrator will decide how to resolve the dispute. This decision is legally binding, meaning the parties must comply with the arbitrator’s decision. Arbitration may be a good option for parties who want to avoid the potential delays or higher costs of going to court. In addition, the results of arbitration are typically kept private, and the parties can agree to additional rules that might not be allowed in the court system. However, arbitration is not suitable for all disputes. Before deciding to use arbitration, parties should make sure it is the best option for their situation.

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What is arbitration?

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