What is an arbitration award in civil law?

An arbitration award in civil law is a decision by an arbitrator, or a neutral third party, to settle a dispute between two parties. The arbitration award is based upon consideration of all relevant evidence presented during an arbitration hearing. In Florida, arbitration awards are typically binding unless either party is able to challenge the award in a court of law. An arbitration award is an alternative to litigation for civil disputes, as it can save time and money. It also allows parties to resolve disputes more quickly. During an arbitration hearing, both parties to the dispute present their arguments before an arbitrator, who then makes a decision based on the evidence and arguments provided. Depending on the complexity of the dispute, it can be more cost-effective than challenging a decision in a court of law. In Florida, arbitration awards must be in writing and must include a statement of the facts presented and the reasoning behind the decision. The arbitrator issues the award to both parties and it becomes legally binding unless either party challenges the award. Overall, an arbitration award in civil law is a decision by an arbitrator to settle a dispute between two parties based on the evidence and arguments presented at an arbitration hearing. In Florida, arbitration awards are binding unless either party challenges the award in a court of law.

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