What Is Arbitration?

Arbitration is a private, informal process by which all parties agree, in writing, to submit their disputes to one or more impartial persons authorized to resolve the controversy by rendering a final and binding award. It is used for a wide variety of disputes­ from commercial disagreements involving construction securities transactions, computers or real estate (to name just a few), to insurance claims and labor­union grievances. When an agreement to arbitrate is included in a contract, it might expedite peaceful settlement without the necessity of going to arbitration at all. Thus, an arbitration clause is a form of insurance against less of good will.

Speak to an Experienced Alternative Dispute Resolution Attorney Today

This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified alternative dispute resolution lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local alternative dispute resolution attorney to discuss your specific legal situation.

Additional Alternative Dispute Resolution Articles

Search LawInfo's Alternative Dispute Resolution Resources