What is the process for handling a business litigation dispute through arbitration?

The process for handling a business litigation dispute through arbitration in Florida typically begins with a party filing a Notice of Dispute with the American Arbitration Association (AAA). The AAA will then send a notice to the other party involved in the dispute and advise them of the dispute and their obligation to participate in the arbitration process. The parties must then come together to select an arbitrator who will oversee and decide the dispute. The parties can either choose a mutual, neutral arbitrator or they can select one appointed by the AAA. After the arbitrator has been selected, the arbitration process begins in earnest. The parties will submit their respective arguments and evidence to the arbitrator, who will hear both sides of the dispute. In Florida, the arbitration process must take place within ninety days of the parties filing the Notice of Dispute with the AAA. Once the parties have presented their cases, the arbitrator will issue a ruling on the dispute. This ruling is legally binding and is enforceable in a court of law. The parties may appeal the arbitrator’s ruling, but the appeals process is generally limited to either arguing that the arbitrator’s decision was unfair, or that the arbitrator misinterpreted the facts or otherwise made a mistake. If both parties are satisfied with the ruling of the arbitrator, then the dispute is resolved and the parties can move on with their lives. In contrast, if the parties are unsatisfied with the decision they may pursue a court-based resolution.

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What is the process for handling a business litigation dispute through arbitration?

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