Can arbitration awards be modified?
Yes, arbitration awards can be modified in Texas. This is because Texas law permits arbitrators to modify awards either with the agreement of the parties involved or with the approval of the court. When the parties agree to modify the award, they must make an agreement that is signed by each party and the arbitrator. This agreement should clearly state how the award will be changed and that both parties agree to the modifications. The court may also approve modifications to an award if the parties involved cannot agree on the terms. This could be due to a dispute between the parties or because one party believes that the award is unjust. In this case, either party could appeal to the court to modify the award. If the court agrees to modify the award, it may change the award as it sees fit. It is important for both parties involved in arbitration to be aware that awards may be modified, either through agreement between the parties or by the court. This is to ensure that both parties come to an agreement that is fair and just.
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