What is arbitration?
Arbitration is a form of Alternative Dispute Resolution (ADR) used in California and throughout the United States to resolve disputes between two or more parties. It is a private and confidential process that allows parties to resolve disputes outside of the court system. In arbitration, the parties agree to allow a third party known as the arbitrator to act as a judge and decide the dispute. The arbitrator is an impartial individual who has knowledge and experience in the dispute, and is typically chosen by the parties. During the arbitration process, the parties present their evidence, make their arguments, and receive a decision from the arbitrator. The arbitration process is generally shorter and more flexible than formal court proceedings. Once the arbitrator makes a decision, it is legally binding. If a party fails to comply with the arbitrator’s decision, they may be held in contempt and may face legal repercussions. Furthermore, the decision of the arbitrator is usually final and cannot be overturned by a court. Overall, arbitration is a useful tool for resolving disputes in California and throughout the United States. It allows parties to settle disputes in a private and timely manner and can save them time, money, and legal hassles. Furthermore, it is a legally binding process that ensures that parties comply with the arbitrator’s decision.
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