What is estoppel in arbitration?

Estoppel in arbitration is a legal doctrine in Nevada that prevents one party from making factual or legal arguments that contradict what they already said or agreed to in a prior legal setting. This legal concept is often used in arbitration proceedings, as it strengthens the legal authority of an agreement or ruling that has already been decided and ensures that all parties are held to the same standard. For example, if a dispute is taken to arbitration and one party argues that the contract only applies to certain conditions that have been met, they may be estopped from arguing that the contract was not valid if they have previously agreed to its validity. This means that if the first party raises the contract’s validity in one instance, they may not be able to deny it in a later instance. Likewise, if a party argues that a fact is true in one arbitration instance, then they may be estopped from later arguing that the opposite is true in a different case. This is done to ensure that each party is held to the same standards and that the proceedings remain consistent and fair. In Nevada, estoppel can be an important tool for arbitration proceedings to ensure that each party is held to the same standard and that prior agreed-upon facts and rulings remain valid. This legal doctrine helps to ensure that arbitration is conducted fairly for both parties.

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What is estoppel in arbitration?

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