What is an arbitration award in civil law?

In Massachusetts civil law, an arbitration award is the outcome of an arbitration hearing. It is a binding decision made by an arbitrator, which is a neutral third-party, in response to a dispute. The parties involved in the dispute agree to the dispute being heard before the arbitrator, and the parties are bound to accept the arbitrator’s decision. For an arbitration award to be legally binding, the parties must agree in writing to arbitration and the award must be made within the scope of the parties’ agreement. If an arbitration award is made, it will be enforced by a court as if it were a judicial ruling. Arbitration awards may provide for types of relief that are not typically available through the court process such as orders to modify or remove terms from a contract or cease a particular activity. However, only a court of law can set aside an arbitration award. An arbitration award can be a more efficient and cost effective way for two parties to negotiate a settlement as it sheds the need for expensive lawyers, witnesses, and other costly court proceedings. It is also a faster process that can provide the parties with an outcome more quickly than a court case.

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What is an arbitration award in civil law?

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