What is an arbitration award in civil law?

An arbitration award in civil law is a decision that is made by a third-party arbitrator in a civil dispute. This type of dispute resolution is often used to resolve disputes outside of court, and it can be a fast and cost-effective way to settle disagreements. In Minnesota, an arbitration award in civil law is defined in section 572A.02 of the Minnesota Statutes. In an arbitration award, an experienced third-party arbitrator listens to both sides of a dispute and makes a final and binding decision. This decision can include a monetary award or other terms of the settlement that both sides must abide by. An arbitration award in civil law is legally binding and parties involved are expected to honor the terms of the award. In addition, if either party fails to comply with the award, the other party may seek legal enforcement of the award through the court system. An arbitration award is designed to offer a fair and equitable resolution to disputes and is often faster and less expensive than going to court.

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