What is arbitration?

Arbitration is a form of alternative dispute resolution (ADR) that is used to resolve disputes between two or more parties. It is a form of negotiation where a neutral third-party, known as an arbitrator, listens to both sides and makes an impartial decision about the issue at hand. This decision is legally binding and can be enforced like a court judgment in South Carolina. Arbitration may be voluntary or court-ordered, and it is typically less expensive and faster than going to court. The arbitrator is selected by both parties or appointed by a court. The parties and the arbitrator agree on the procedure and rules that will be used to decide the dispute. Each party has the opportunity to present their side of the story and the arbitrator listens to both sides and weighs the evidence and testimony before making a decision. The arbitration decision is usually final and cannot be appealed, but the parties may be able to seek modifications to some parts of the final decision. Because arbitration is not a court process, the parties do not have the same procedural rights they would in a courtroom. Arbitration is a useful tool for resolving disagreements without the cost and time of a trial. It is a good alternative for resolving employment, consumer, and business disputes.

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What is arbitration?

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