What are the steps of arbitration proceedings?
Arbitration proceedings are used to resolve disputes between two or more parties. They are a quicker and more cost-effective alternative than going to court. In Washington state, the arbitration process typically follows these steps: 1. Selecting an Arbitrator: All parties involved must agree on a qualified individual or organization to arbitrate the dispute. The arbitrator is responsible for deciding the outcome of the dispute. 2. Exchange of Information: All parties involved must exchange information regarding the dispute, such as documents and witness testimony. 3. Pre-hearing Conference: The arbitrator will convene all parties to discuss the dispute and any other relevant matters. 4. Hearings: The arbitrator will then hold a hearing to allow the parties to present their case, contest evidence, and call witnesses. 5. Award: After hearing all of the evidence, the arbitrator will make a decision and issue an award. The award may include an order to perform certain actions, or require one of the parties to pay money to the other. 6. Enforcement of Award: If a party fails to comply with the award, the other party can seek enforcement in court. Advantages of the arbitration process include that it is less formal than a trial and usually faster, less costly, and more confidential than going to court. When parties choose arbitration, they must decide if they want a binding or non-binding award. A binding award is legally enforceable, while a non-binding award is advisory.
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