What is Arbitration?
Definition of Arbitration & Arbitration Law Explained.....
Arbitration is an alternative dispute resolution technique. In arbitration the parties appear together in the presence of either one or typically a panel of three arbitrators. The arbitrators are disinterested person/s who have been selected either by the parties or by the court. The arbitrator/s have been selected to allow the parties to present their issue or their controversy in an informal setting.
The arbitrator or majority of the panel of arbitrators will make the decision that would have normally been made in the court system by either the jury or the judge. The arbitration itself may be either binding or non-bring arbitration. If the arbitration is binding it means that the parties have agreed ahead of time to accept the decision of the arbitrator or panel of arbitrators. That decision can be reduced if necessary to a court order in an effort to effect enforcement. But if the parties have only agreed to non-binding arbitration, then the decision of the arbitrator or panel of arbitrators is presented to the parties and they may either accept or reject the decision. If they reject the decision, then the matter has not been resolved and it would continue on through the normal litigation process.
The personal injury attorneys at Carlson, Meissner, Hart & Hayslett, P.A., are fighting for our clients rights in arbitration cases in Clearwater, Tampa, Bradenton, Spring Hill, Pinellas, Pasco, New Port Richey, Manatee, Hillsborough and Hernando Counties in Florida.
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