How do I select an arbitration forum?

When selecting an arbitration forum, it is important to consider the specific needs of the parties involved. In the District of Columbia, local law requires the parties to agree upon a place of hearing as well as a set of rules and procedures to follow through the arbitration process. The choice of the arbitration forum needs to be one that is mutually agreed upon by all parties involved. The parties can select a forum from a variety of different organizations. The American Arbitration Association (AAA) and JAMS, Inc. are two of the most common organizations for arbitration in the District of Columbia. Additionally, the local courts often have arbitration programs as well. Once the parties have agreed on the organization, they need to decide upon a specific location, such as a city, state, or country, to host the arbitration. The parties will also need to consider what type of arbitration they prefer. There are generally two types of arbitration: binding and non-binding. In binding arbitration, the parties agree to abide by the decisions made by the arbitration panels, while in non-binding arbitration, the parties can accept or reject the decision. Deciding which type of arbitration is best suited for the needs of the parties is important, as it will dictate the scope of the process and the rules that must be followed. Choosing the right arbitration forum for the parties is essential to the process. It is important for the parties to research their options and agree upon a forum that meets their individual needs and interests. This will ensure that the process runs smoothly and that all parties are satisfied with the results.

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