Arbitration

Arbitration is a method of alternative dispute resolution (ADR) where parties involved in a dispute agree to have their case decided by an impartial third party called an arbitrator or a panel of arbitrators, rather than going to court. The arbitrator’s decision, known as an arbitration award, is typically binding on the parties, meaning they must abide by the decision.

Arbitration proceedings are less formal than courtroom trials, but they still involve presenting evidence, making arguments, and following certain procedural rules. The parties may choose to have arbitration conducted based on specific arbitration rules or guidelines, or they may agree on the procedures themselves.

Arbitration can be used to resolve a wide range of disputes, including commercial disputes, labor disputes, construction disputes, and consumer disputes. Many contracts include arbitration clauses, requiring parties to resolve any disputes through arbitration rather than litigation.