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.
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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.