What is arbitration law?
Arbitration law is a branch of law that deals with the process of resolving disputes without going through the traditional court system. Instead, the two parties involved in a dispute come to an agreement to resolve their issues with the help of a neutral third party. This third party, known as an arbitrator, listens to both sides of the argument, reviews evidence, and makes a final decision. In Oregon, arbitration is legally binding and is often used to help resolve contract disputes, employment disputes, and other civil matters. It is also becoming increasingly popular in family law matters, such as divorce cases or issues involving child custody and visitation rights. The arbitration process takes place outside of a courtroom, making it much faster and more affordable than traditional litigation. Arbitration can also be much more private than a courtroom trial, as the details of the settlement are sealed to protect the parties involved. However, the decision of the arbitrator is considered the same as a court ruling, and can be difficult to change or appeal. In Oregon, arbitration law is governed by the Oregon Revised Statutes (ORS) chapter 36. The ORS outlines the steps of arbitration, such as the selection of an arbitrator, assigning the time and place of the arbitration, establishing the rules of evidence, and the cost of arbitration. It is important to be familiar with arbitration law in Oregon before entering into an agreement to resolve a dispute through arbitration.
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