North Carolina Arbitration Forms - North Carolina Arbitration Process


This form is an Arbitration Agreement. The form provides that the agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process.

Arbitration Agreement - Future Dispute

This form is an Arbitration Agreement. The form provides that the agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process.

View North Carolina Arbitration Forms by Area Nc Arbitration Forms

Arbitration FAQ Nc Arbitration Example

What is an arbitration? 

Arbitration is an alternative means of settling a dispute by impartial persons without proceeding to a court trial. It is sometimes preferred as a means of settling a matter in order to avoid the expense, delay, and acrimony of litigation. There is no formal discovery and there are simplified rules of evidence in arbitration.

Who decides a case in arbitration? 

The arbitrator or arbitrators are selected directly by the parties or are chosen in accordance with the terms of a contract in which the parties have agreed to use a court-ordered arbitrator or an arbitrator from the American Arbitration Association. If there is no contract, usually each party chooses an arbitrator and the two arbitrators select a third to comprise the panel. When parties submit to arbitration, they agree to be bound by and comply with the arbitrators' decision. The arbitrators' decision is given after an informal proceeding where each side presents evidence and witnesses. Arbitration hearings usually last only a few hours and the opinions are not public record. Arbitration has long been used in labor, construction, and securities regulation, but is now gaining popularity in other business disputes.

When is arbitration used? 

Some arbitration proceedings are mandatory, such as many labor disputes. Other arbitration proceedings are incorporated into contracts in the event of a dispute. Couples who sign cohabitation agreements or divorce agreements often include a clause agreeing to go to arbitration if any dispute should arise, thereby avoiding the delay, expense, bitterness and formality of litigation. Companies may seek arbitration of disputes for public relation reasons, so as to avoid the negative publicity of a trial.


What is an Arbitration Agreement?

An arbitration agreement is a legal agreement between two parties where they agree to resolve any disputes outside the court system, through a process called arbitration. In North Carolina, an arbitration agreement is a common way for businesses and individuals to handle conflicts and disputes in a private and efficient manner. Instead of going through the formal and sometimes lengthy court process, parties involved in a dispute in North Carolina can choose to have a neutral third party, called an arbitrator, listen to both sides and make a decision that is legally binding. This helps save time, money, and resources for all parties involved.


How Does Arbitration Work in Business?

Arbitration is a way to resolve disputes in business without going to court. Instead of a judge, a neutral person called an arbitrator makes a decision based on the facts presented. In North Carolina, businesses can agree to use arbitration to solve their disagreements through a written contract. Both parties will have a chance to present their side of the story and provide evidence. The arbitrator then looks at this information and makes a binding decision, which means both sides must follow it. This process is often faster and less formal than going to court, allowing businesses to save time and money.


How Do Arbitration Agreements Work?

Arbitration agreements are like rules that people or companies agree to follow when they have a disagreement. Instead of going to court, they agree to use a neutral person called an arbitrator to solve their problem. In North Carolina, arbitration agreements work the same way. When people or companies sign a contract that includes an arbitration agreement, it means they have agreed in advance to solve any disputes through arbitration instead of going to court. This can save time and money, but it also means that the decision of the arbitrator is final and cannot usually be appealed.


Is an Arbitration Agreement Right for You?

An arbitration agreement is a choice that you need to carefully consider seeing if it's the right option for you in North Carolina. Arbitration is an alternative way to resolve disputes outside the courtroom. It involves a neutral third party, called an arbitrator, who listens to both sides and makes a fair decision. If you value privacy, efficiency, and avoiding lengthy court battles, then an arbitration agreement might be suitable for you. However, it's essential to understand the pros and cons of arbitration to make an informed decision. In North Carolina, the enforceability of arbitration agreements is generally supported by state laws, making it a viable option for resolving conflicts. Consulting a legal professional can help you better understand if an arbitration agreement is right for your specific situation.


What Does this Agreement Mean for Signatories?

This agreement means that the parties who signed it are bound by certain rules and obligations. It signifies a commitment to work together and follow the terms outlined in the agreement. In North Carolina specifically, this agreement is important because it sets out clear expectations and guidelines for the signatories to follow within the state. It helps establish a common understanding and promotes cooperation among the parties involved. By adhering to this agreement, the signatories in North Carolina can foster better collaboration and potentially achieve shared goals more effectively.