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Arbitration involves submission of a dispute to a neutral arbitrator who renders a decision after hearing arguments and reviewing evidence. It is usually less rigidly structured and can be concluded more quickly than formal court proceedings.
Arbitration is a private process where disputing parties agree that one or several individuals can make a decision about the dispute after receiving evidence and hearing arguments. Arbitration is different from mediation because the neutral arbitrator has the authority to make a decision about the dispute.
Many arbitration cases end with a settlement between parties, either through direct negotiation or through mediation. Others end with an award. If a claimant is awarded damages, the respondent must pay within thirty days of receiving the written award, unless the respondent files a motion to vacate.
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People also ask

Arbitration results are pretty much the same: In a single given case, who knows what the outcome might be, but over a thousand cases youre probably going to win about half and lose about half, and the only thing that you really care about is getting those cases over quickly so that your legal fees are as low as
The arbitrator listens to both sides, looks at the evidence youve sent in and decides what the outcome should be. In some cases, the arbitrator may choose to have several meetings with you both. When the arbitrator makes a decision, this is called an award and its legally binding.
Instead, if a party wins in the arbitration and the other party does not do what the award says, the winning party may go to court to confirm the arbitration award. Under AAA rules, parties to AAA cases agree that the arbitration award can be entered as a judgment in any federal or state court with jurisdiction.

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