What is an agreement to arbitrate?
An agreement to arbitrate is a contract between two parties (often an employer and an employee) to use arbitration instead of the courts to settle a dispute. In arbitration, the parties agree to have a third party make a decision in the dispute. Arbitration is more private than going to court, can be more cost-effective, and can often provide a faster resolution. In Kansas, in accordance with the Kansas Arbitration Act, an agreement to arbitrate must be in writing and must be supported by consideration, which is something of value, such as an agreement to keep the dispute confidential. The agreement should also identify the parties, the dispute subject to arbitration, and the selection and appointment of the arbitrator. The arbitration process involves the parties having an opportunity to present their respective cases along with evidence to the arbitrator. The arbitrator then makes a final and binding decision on the dispute.
Related FAQs
What are the remedies for breach of an arbitration agreement?What is a discovery issue in arbitration?
Are there any special requirements for an arbitration agreement?
What remedies can an arbitrator award?
How to I challenge an arbitrator’s decision?
What is a motion to vacate an arbitration award?
What is a motion to disqualify an arbitrator?
What is a motion to compel arbitration?
What is the importance of confidentiality in an arbitration hearing?
Is there a right of appeal in 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