Arbitration is a way to settle disputes without going to court. Instead of a judge, the people involved choose an independent person called an arbitrator to listen to both sides and make a decision.
During arbitration, both sides present their evidence and arguments to an arbitrator or a panel of arbitrators. After hearing everything, the arbitrator makes a final decision. Depending on the agreement, this decision can be legally binding, meaning both sides must legally follow it.
Do you need legal advice for arbitration?
While arbitration is often simpler than going to court, it can still be complex. Many people choose to obtain legal advice to ensure they understand their rights and the rules of the arbitration.
A London law firm, such as www.forsters.co.uk, can help prepare your documents and explain the process for you. Even if you do not hire a lawyer to represent you during the hearing, obtaining legal guidance early can help you avoid mistakes.
The arbitration process
The arbitration process usually begins when both sides agree to use it. Sometimes, this agreement is written into a contract; other times, both parties decide to use arbitration after a disagreement.
During the hearing, both parties can present evidence, call witnesses, and explain their side of the story. After reviewing everything, the arbitrator makes a decision, which must be followed.
Can an arbitration decision be appealed?
Appealing an arbitration decision is usually very difficult. Most arbitration awards are final, and courts rarely overturn them. A court may only step in if there was serious misconduct, bias, or a major mistake.
