How does an arbitration process work?

Arbitration is a form of dispute resolution that is becoming more popular in Ohio and around the United States. The process involves a third-party arbitrator who listens to both sides of an argument and renders a binding decision. An arbitration process typically begins with the parties entering into an arbitration agreement that outlines the rules of the process and designates the arbitrator. During the arbitration process the parties present evidence such as documents, witnesses, and testimony to support their claims. The arbitrator listens to the evidence, reviews the facts, and renders a decision. The decision of the arbitrator is legally binding and cannot be appealed. The decision can also be enforced through the court system, meaning that the parties must abide by the terms of the arbitration agreement and follow the arbitrator’s decision. The arbitration process typically moves much faster than a trial, produces a result that often costs less, and allows the parties to maintain a degree of privacy that a trial does not offer. The arbitration process also allows the parties to choose an arbitrator who is knowledgeable in the subject matter of the dispute, which can sometimes result in a quicker resolution to the case.

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How does an arbitration process work?

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