What is arbitration law?

Arbitration law is a set of laws and regulations that handle disputes between two parties. It is a form of dispute resolution that is used instead of going to court. In arbitration, the parties involved are given the chance to present their issues to a neutral third party (arbitrator) and then the arbitrator makes a decision on the dispute. In Georgia, specific laws apply to arbitration. These laws set up standards for how an arbitration should be conducted. That includes how the parties should be able to present their evidence and how the arbitrator should make a decision. Depending on the dispute, the arbitrator may be required to follow the law or they may have some discretion in their decision. In addition, the Georgia General Assembly has passed specific statutes governing arbitration in certain areas, such as construction, real estate, and business. These laws provide general rules that parties must follow when entering into an arbitration agreement, the procedures for conducting arbitration, and the consequences of an arbitration decision. Overall, arbitration law in Georgia is designed to make sure that disputes between parties can be handled outside of the court system in a quick and cost-effective manner. By providing an alternative to litigation, arbitration can help settle disputes in an efficient, fair, and cost-effective way.

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What is arbitration law?

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