What is the difference between direct and indirect arbitration?
The difference between direct and indirect arbitration is the way the process is conducted. In direct arbitration, a neutral third-party will resolve the dispute between two parties by hearing both sides of the dispute, assessing evidence, and then rendering a decision. This third-party is known as an arbitrator. The arbitration process is typically much faster than going through a court trial, and is often less expensive. In indirect arbitration, the two parties in the dispute agree to go through the arbitration process, but they are solely responsible for settling the dispute. This means that the two parties involved in the dispute will negotiate their own settlement terms and will not be required to go through a formal arbitration hearing. This type of arbitration is often used to resolve business disputes faster and more efficiently than waiting for a court ruling. In Kansas, both direct and indirect arbitration are allowed, though the rules governing each type of arbitration are different. Direct arbitration is governed by the Kansas Arbitration Rules, which provide guidance on the selection of arbitrators and other procedural matters. Indirect arbitration is governed by the Kansas Uniform Arbitration Act, which provides guidance on the arbitration process and the enforcement of awards.
Related FAQs
How do I select an arbitration forum?What is a motion to compel arbitration?
What is the definition of “party autonomy” in arbitration?
What is the arbitration clause in a contract?
Can I appeal an arbitration award?
How do I challenge the jurisdiction of an arbitrator?
Are there any special considerations for consumer arbitration?
Is discovery allowed in arbitration?
Are there any remedies for a breach of the duty of good faith and fair dealing?
What kinds of disputes can be brought to arbitration?
Related Blog Posts
Unlocking the Basics of Arbitration Law: What You Need to Know - July 31, 2023Top Tips for Navigating Arbitration Law Successfully - August 7, 2023
Comparing International and Domestic Arbitration: What Businesses Should Know - August 14, 2023
Effective Strategies for Drafting Arbitration Agreements - August 21, 2023
Common Misconceptions About Arbitration Law: What Everyone Needs to Know - August 28, 2023