What are the steps of arbitration proceedings?

Arbitration proceedings are a form of alternative dispute resolution (ADR) that involve an impartial third-party, known as the arbitrator, to resolve a dispute without going to court. In Delaware, arbitration proceedings follow these steps: 1. The parties involved in the dispute must agree to participate in arbitration as a form of resolving the dispute. 2. The parties then select an arbitrator, or a panel of arbitrators, who is knowledgeable and impartial. 3. Once an arbitrator is selected, a date, time, and place for the arbitration hearing is scheduled. 4. The parties present their evidence and arguments at the arbitration hearing. 5. During the hearing, the arbitrator will review the evidence and arguments from both parties and may ask questions for clarification. 6. After both parties have presented their evidence, the arbitrator will make a decision. 7. The arbitrator’s decision is binding, meaning both parties must accept and abide by the arbitration decision. Arbitration proceedings provide a more convenient way of resolving a dispute since the proceedings are usually held outside of a courtroom and can be completed more quickly than a trial. Additionally, since the proceedings are confidential, the parties involved can preserve their privacy.

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What are the steps of arbitration proceedings?

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