What are the remedies for breach of an arbitration agreement?

In Georgia, a breach of an arbitration agreement can be remedied in a few different ways. The first and most common remedy for breach of an arbitration agreement is a monetary award. This is a payment made to the party who suffered a loss due to the breach. Monetary awards can typically be used to recover any costs associated with the breach, such as attorney fees or lost wages. The second remedy for breach of arbitration agreement is an injunction. An injunction is a court order that requires the breaching party to stop an action or take certain actions to remedy the breach. For example, if the breaching party failed to comply with an award issued by the arbitrator, an injunction can be used to enforce the award. The third remedy for breach of an arbitration agreement is a declaratory judgment. This is a court order that declares the rights and obligations of the parties in a dispute. The court can issue a declaratory judgment that requires the breaching party to pay damages or take corrective action in order to remedy the breach. Finally, a breach of an arbitration agreement can be remedied by rescission. This is where the arbitration agreement is set aside and the parties are restored to the positions they were in before the agreement was made. This option is usually only available if the breach was so severe that the agreement should be deemed void and unenforceable. Overall, the remedies for breach of an arbitration agreement in Georgia vary depending on the severity of the breach. Monetary awards, injunctions, declaratory judgments, and rescissions are all potential remedies that can be used to remedy a breach of an arbitration agreement.

Related FAQs

Is there a process for consolidating multiple arbitrations?
What is the difference between a motion to compel arbitration and a motion to stay proceedings pending arbitration?
Are there any limits to attorney’s fees in arbitration?
What is a motion to compel arbitration or stay proceedings pending arbitration?
What is a non-signatory to an arbitration agreement?
What is a stay of arbitration?
What is a motion to disqualify an arbitrator?
What is the Federal Arbitration Fairness Act?
What do I need to know about arbitration before I enter into it?
Are there limits to the amount of attorney’s fees that can be awarded by an arbitrator?

What are the remedies for breach of an arbitration agreement?

Related FAQs

Related Blog Posts