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Non-binding arbitration is a type of arbitration in which the arbitrator makes a determination of the rights of the parties to the dispute, but this determination is not binding upon them, and no enforceable arbitration award is issued. The "award" is in effect an advisory opinion of the arbitrator's view of the respective merits of the parties ...
Arbitration, in the context of the law of the United States, is a form of alternative dispute resolution.Specifically, arbitration is an alternative to litigation through which the parties to a dispute agree to submit their respective evidence and legal arguments to a third party (i.e., the arbitrator) for resolution.
Arbitration in the United States is governed by the Federal Arbitration Act of 1925 (FAA, codified at 9 U.S.C. 1 et seq.), which requires courts to compel parties who agree to arbitration to participate in binding arbitration, the decision from which is binding upon the parties.
In the United States, there is an ongoing debate over the use of arbitration clauses in consumer contracts. Differences between arbitration and litigation include the costs of resolving a case, the speed of resolution, and the procedure of resolving a case, including how and where the arbitration is conducted and the availability of discovery.
Have you heard about "binding arbitration" clauses in contracts? They're the part of the contract which states that if you have a dispute with the other party, you can't take them to court. You ...
The terms "Dispute Board" and "Dispute Review Board" are generic terms and include (a) the Dispute Review Board (DRB) which is a device that originated in the USA and provides non-binding recommendations); (b) the Dispute Adjudication Board (DAB) which is a device emerging from the earlier USA model, but which provides a decision that has ...
In their Commercial Division Update, Thomas J. Hall and Judith A. Archer discuss recent cases which show the Commercial Division recognizes that circumstances may require binding nonsignatories to ...
You will be contacted with instructions for continuing the arbitration process. Be sure to keep a copy of everything you send to the administrator of your arbitration or us. Costs. If your claim in arbitration is $75,000 or less, we will pay your filing fee, as well as other filing, AAA and arbitrator’s fees and expenses.