What are the steps of arbitration proceedings?

Arbitration proceedings are a form of dispute resolution, which is a process of resolving disagreements between two or more parties. In Massachusetts, arbitration proceedings involve a few steps that the involved parties must follow in order to reach an agreement or settlement. The first step is to set up a meeting between the parties to discuss their issues and see if an agreement can be reached. This allows the parties to negotiate a solution on their own, without involving a third party. If the parties cannot agree, they then move to the next step, which is selecting an arbitrator. An arbitrator is an impartial third party who is trained to help resolve the dispute. The parties can either agree on a single arbitrator, or each can select their own arbitrator and the two will then decide on a third who will act as the arbitrator. Once an arbitrator is selected, the proceedings can begin. The arbitrator will hold hearings with the parties, review the evidence presented, and listen to arguments from both sides. After this, the arbitrator will make a decision, which will be binding, meaning that the parties must follow the arbitrator’s decision. The last step is to have the arbitrator’s decision made official. Once this is done, the parties must adhere to the decision and the dispute will officially be resolved. Arbitration proceedings are a useful way to resolve disputes, as it is often quicker than going to court and can often be less expensive.

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