Law - what is arbitration?

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Justabi96
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#1
Need help with Arbitration! Consumer/commercial etc?
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Puddles the Monkey
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(Original post by Justabi96)
Need help with Arbitration! Consumer/commercial etc?
Heya, I'm just going to pop this in the law forum for you as you should get more responses there.
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Helmi
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Arbitration is a form of ADR (alternative dispute resolution), meaning a way to 'settle' things between the parties without litigation.

In arbitration an independent 3rd party will review the evidence and make a decision. The parties can agree in the beginning of the process to either be bound by the end result of the arbitration, in which case the decision will be legally binding. Non-binding arbitration is technically not arbitration at all.
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