How do I select an arbitration forum?

In North Carolina, selecting an arbitration forum is a very important decision. It will ultimately decide the rules of the arbitration process, the cost of the process, the length of the process, and the enforceability of the arbitration award. Fortunately, there are several tips that can help an individual select the appropriate forum for their particular dispute. First, individuals need to consider the purpose of their arbitration and the applicable law. The purpose of the arbitration will determine which arbitration forum is most appropriate. North Carolina has a few different options, depending on the type of dispute. For example, labor and employment disputes may be resolved through the North Carolina Employment Relations Commission. Alternatively, consumer disputes may be arbitrated through the Better Business Bureau. Second, individuals should consider the costs associated with the arbitration process. Arbitration can be expensive, so it is important to select a forum that will be affordable. The American Arbitration Association and the Better Business Bureau both offer low-cost arbitration standards. Finally, individuals should also review the arbitration rules of the forum they are considering. Different forums may have different rules, so it is important to understand the regulations that will be applicable to the arbitration. For example, some forums allow for the presentation of evidence, while others only allow for the presentation of written testimony. After considering all of these factors, individuals should be able to select a forum that is suitable for their case. The selection of the appropriate arbitration forum will ensure the dispute is resolved efficiently and cost-effectively.

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How do I select an arbitration forum?

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