What is Arbitration and why should I use it to settle my dispute?
Arbitration is a way of resolving disagreements that is quicker, easier and less costly
than litigation through the judiciary courts. A form of alternative dispute resolution (ADR),
arbitration is the most traditional form of private dispute resolution. The dispute will be
decided by a neutral third party called the arbitrator ultimately decides the matter and
renders the arbitration award. An arbitration decision or award is legally binding on both
sides and enforceable in the courts.
Arbitration is a more formal dispute resolution process than
mediation. Therefore, this
practice is used when a legal matter has escalated to a more serious issue, and a decision is
needed from an impartial Arbitrator. Arbitration
should be used when both parties cannot settle on an agreement, particularly if time is a
Select Program to File Arbitration
Arb-IT platform average case length is 90 days vs. 17.4 months for traditional arbitration.
Saves users up to 80% of the cost of litigation.
No in-person hearing; 100% virtual. Private and cloud-based convenience.