What is a non-signatory to an arbitration agreement?
A non-signatory to an arbitration agreement in Nevada is a party who is not named in the arbitration agreement but who is affected by the results of the arbitration. In most cases, a non-signatory is a third party who was not part of the contract dispute initially but who has interests that can be affected by the outcome. For example, a non-signatory may be a creditor of a party to the arbitration, such as a bank or a lender. They may have an interest in the outcome of the arbitration in order to be sure that their interests are protected. Under arbitration law in Nevada, non-signatories can sometimes join an arbitration as a party to the proceedings if the arbitration agreement allows and the court grants permission. This may be the case if the non-signatory has been affected by the arbitration decision or if they have an interest and need to be heard. It is important to note that a non-signatory is not bound by the arbitration agreement unless they have both been named and agreed to the terms of the agreement.
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