What is arbitration?
ARBITRATION is a process by which parties who are at issue in a lawsuit or claim allow an independent third party, usually a retired judge or another lawyer that practices in the same area, to decide their case. During an ARBITRATION each side gets the opportunity to put on evidence to question witnesses and to have people testify on their behalf. At the end of the arbitration, the arbitrator will take all the information that’s been gathered, review it, and then issue an opinion with his or her decision about the case. Usually ARBITRATION is binding and that means that when the arbitrator issues his or her decision, that’s the end of the case. It’s very much like going to court. However some of the formalities of court are avoided. Many personal injury cases are resolved through ARBITRATION. It’s usually a less expensive way to go, and the parties are typically happier.