How does an arbitration process work?

Arbitration is a form of alternative dispute resolution (ADR) that is used to resolve legal disputes in Virginia. It is a process in which an impartial third-party, called an arbitrator, hears evidence from both sides and makes a binding decision on the outcome of the dispute. The arbitration process begins with a written agreement between the parties, called an arbitration clause. This clause outlines the specific rules that both parties must follow for the process to proceed. It may also stipulate which law will be used to decide the dispute and which state’s arbitration laws will govern. The parties will then select an arbitrator, who is usually a lawyer or other professional with specialized knowledge in the subject matter. The arbitrator is responsible for hearing testimony from both parties and making a decision based on the evidence presented. After hearing evidence from both sides, the arbitrator will issue a written decision, called an award, that is binding on the parties. The arbitration process is often a quicker and less expensive alternative to litigation. It is also more private, as it is not subject to the same public disclosure requirements as court proceedings. This makes it an attractive option for resolving disputes in Virginia.

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How does an arbitration process work?

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