What are the steps of arbitration proceedings?

Arbitration proceedings can help parties settle disputes outside of the court system. In Maryland, the following steps are taken when going through arbitration proceedings: 1. A dispute arises between two parties. The two parties can choose to resolve the dispute through arbitration. 2. A neutral arbitrator is chosen. The arbitrator will be responsible for making a fair and impartial decision that is binding on the parties. 3. The parties can agree to an arbitration agreement, which outlines the process and the rules of the arbitration proceedings. 4. The arbitrator will set a date and time for the proceedings to take place. Both parties will have the opportunity to present their case and evidence to the arbitrator. The other party is given the opportunity to ask questions and present evidence. 5. After hearing both parties, the arbitrator will make a decision that is legally binding and enforceable. This decision is final and cannot be appealed. 6. Once the decision has been rendered, it is the responsibility of both parties to adhere to the ruling of the arbitrator. Arbitration proceedings are a beneficial and cost-effective alternative to litigation as they can be resolved much quicker and can provide a more personalized outcome. Although it does not have the same legal force as a court decision, arbitration proceedings can still be legally binding and enforceable.

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What are the steps of arbitration proceedings?

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