What Is Arbitration?
Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to an arbitrator or to a tribunal of several arbitrators who give a decision on the dispute that is binding on the parties. In contrast to mediation, once the parties have freely agreed to summit a dispute to arbitration, a party cannot unilaterally withdraw from the arbitration.
Other Louisiana Alternative Dispute Resolution FAQs
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Q:
What Is Expedited Arbitration?
A: Expedited Arbitration is, as its name suggests, a form of arbitration in which certain modifications are introduced in order to ensure that the arbitration can be … More -
Q:
Can The Mediator Settle Our Case?
A: No. The mediator does not have any power to impose a settlement on the parties. Mediation is also voluntary in the sense that either party may, if it so chooses, … More -
Q:
What Does Claimant Mean?
A: Claimant means the party initiating arbitration.
