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If the parties are satisfied with the arbitrators award, they may either agree to settle the case based on the award or one of the parties may, within 50 days from the date the award is filed, file a motion to confirm the award and enter judgment.
Arbitration is a method of alternative dispute resolution in which a dispute is submitted to an impartial third person (arbitrator). The arbitrator is selected directly by the parties. When the parties submit to arbitration, they agree to be bound by and comply with the arbitrators written decision. New Jersey State Board of Mediation | Arbitration - NJ.gov New Jersey (.gov) mediation arbitration New Jersey (.gov) mediation arbitration
Judicial Arbitration is like a trial. But it is less formal and there is no jury. Each side presents its case to a neutral person, also called arbitrator. The arbitrator is either a lawyer or a retired judge, and does not take sides or give advice. Self Help ADR: Judicial Arbitration - The Superior Court of California scscourt.org civil adr adrjudarb scscourt.org civil adr adrjudarb
What is arbitration? Arbitration is an out-of-court method for resolving a dispute between a worker and an employer. Arbitration takes place in front of a neutral decision-maker called an arbitrator (or in some cases, a group or panel of arbitrators) who will listen to each side and make a decision about the case. Clarifying Arbitration in the Workplace-Legal Aid at Work legalaidatwork.org factsheet arbitration-at-work legalaidatwork.org factsheet arbitration-at-work
There are typically seven stages of the arbitration process: Claimant Files a Claim. Respondent Submits Answer. Parties Select Arbitrators. Parties Attend Initial Prehearing Conference. Parties Exchange Discovery. Parties Attend Hearings. Arbitrators Deliberate and Render a Decision. FINRAs Arbitration Process | FINRA.org finra.org arbitration-mediation about a finra.org arbitration-mediation about a
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Here is a summary of the process: The parties file a written consent form that submits the case to binding arbitration. The parties must also submit a consent order of dismissal with prejudice. This means that the court case is dismissed and the parties will abide by the arbitrators decision.

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