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After the hearing, the tribunal will produce its award. This will set out the decisions it has reached on the issues between the parties. Unless the award is challenged, it determines the rights and obligations of the parties.

The award will then be filed with the respective Office of the Circuit Clerk. The Circuit Clerk will mail the Award of Arbitrators and a Notice of Award to all parties. The Notice of Award will provide the next court date for the case.

Once an arbitral award is confirmed, the judgment is docketed, which means that it has the same force and effect as any other civil judgment. In most cases, arbitration awards are confirmed and entered as judgments without adverse party opposition.

In judicial arbitration, the arbitrator's decision (award) is not “binding”, or final, until 30 days after it is filed with the Court. This means you and the other party have 30 days to review the decision. You can check with the Court to see what date the award was filed.

Rule 72 - Suitability for Arbitration (a) Decision to Require Compulsory Arbitration. Rules 72 through 77 apply if the superior court in a county, by a majority vote of the judges in that county, decides to require arbitration of certain claims and establishes jurisdictional limits by local rule under A.R.S. § 12-133.

The Scope of the Clause. This section of the clause is critical; it sets the boundaries for which disputes the tribunal is authorised to determine. Choice of Rules. The Number of Arbitrators. Appointing Authority. Choice of Venue. The language of the proceedings. Finality. Exclusion of the right of appeal.

Alternatively, you can be more specific in your arbitration clause. For example, you can say that arbitration must take place in a specified state. You can also designate a specific arbitration agency to handle the arbitration. The agency you choose will also mostly determine the rules of the arbitration.

The Arbitration Agreement All and any disputes or differences arising out of or in connection with this Agreement, or the breach, termination or invalidity thereof shall be finally settled by arbitration. In ance with the UNCITRAL Arbitration Rules. The number of arbitrators shall be one/three.

So do you want an arbitration clause in your contract? If you're a large corporation, you do. If you're contracting with someone around your own size, it's probably a good idea to have an arbitration clause because of the decreased attorney fees usually associated with arbitrations as compared to court cases.