How do arbitration awards differ from court judgments?

An arbitration award is a legally binding decision made by an arbitrator or a panel of arbitrators to resolve a dispute. The decision is usually made in an Alternative Dispute Resolution (ADR) process, such as arbitration or mediation. A court judgment is a decision made by a court following a trial. Arbitration awards and court judgments are both legally binding decisions, but they differ in the way they are reached. In arbitration, parties present evidence to an independent third party who considers the evidence and renders a decision. The arbitration process is usually much faster than the court process. Arbitration can also be less expensive and less stressful than going to court. A court judgment typically follows a trial in which the court hears both sides of the dispute. The court considers all available evidence and arguments and makes a ruling based on the legal merits of the case. The legal system is designed to be an impartial source of justice and to ensure fairness in the process. The biggest difference between arbitration awards and court judgments is that court judgments are appealable, whereas arbitration awards are generally not. This means that you may be able to challenge a court judgment if you believe it is unfair. However, most arbitration awards are considered final and cannot be challenged.

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How do arbitration awards differ from court judgments?

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