What happens if an agreement is not reached at an arbitration hearing?

If an agreement is not reached at an arbitration hearing in Florida, there are several options. The parties can continue to negotiate and reach an agreement, or one party can file a motion to vacate the arbitration award. The motion must be filed in the circuit court within the county of the arbitration hearing. If the motion is successful, the arbitration award is vacated, meaning the agreement is no longer valid. If the motion is not successful, the arbitration award is upheld, and the parties must abide by the terms of the award. The parties can also seek court review of the arbitration award. This can be done by filing a lawsuit in the circuit court within the county of the arbitration hearing. The court can affirm, modify, or reverse the award. The parties may also elect to enter a settlement agreement, which is an agreement between the parties to resolve the dispute without further court action. Settlement agreements typically include an agreement to compromise and a release of all claims between the parties. If none of these steps are taken, the arbitration award will become a binding court order. The parties will be required to abide by the terms of the award and any terms in the settlement agreement. In many cases, failure to comply with the terms of the award or settlement agreement can result in sanctions from the court.

Related FAQs

What are the benefits of alternative dispute resolution?
What is collaborative law?
What is the cost of using mediation?
What is the timeline for a mediation process?
What happens if an agreement is not reached at a mediation hearing?
What is the role of the attorneys in a private judging system?
What are the advantages of using mediation?
When is it appropriate to use alternative dispute resolution?
What are the benefits of using mediation?
What are the rules of evidence in an alternative dispute resolution process?

What happens if an agreement is not reached at an arbitration hearing?

Related FAQs

Related Blog Posts