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Your letter of arbitration should be concise, professional, and factual. Follow the standard business letter format, including your name and contact information at the top. Ensure that your writing is clear, and avoid using jargon or technical terms that may not be familiar to the reader.

There are typically seven stages of the arbitration process: Claimant Files a Claim. The first step for parties who want to file an arbitration claim is to submit the following to FINRA. Respondent Submits Answer. Parties Select Arbitrators. Parties Attend Initial Prehearing Conference. Parties Exchange Discovery.

A completed Demand for Arbitration must be served by the Claimant upon the Respondent (or Respondent's counsel) along with a copy of the contract or agreement containing the arbitration clause.

A completed Demand for Arbitration must be served by the Claimant upon the Respondent (or Respondent's counsel) along with a copy of the contract or agreement containing the arbitration clause. (Certified or registered mail is the recommended service method in order to verify receipt of the Demand.)

Generally speaking, all that is required to commence an arbitration is a simple statement – called a “demand” – that (a) identifies the party(ies) against whom a claim is being asserted, (b) describes the nature of the claim (e.g., breach of contract, breach of fiduciary duty), (c) states the amount of any monetary ...

Lower Cost: Arbitration is generally considered less expensive than going through the courts. This is particularly beneficial for parties looking to manage their budgets while resolving legal disputes. Confidentiality: Unlike public court hearings, arbitration proceedings are private.

The purpose of mandatory arbitration of civil actions under RCW 7.06 as implemented by the Mandatory Arbitration Rules is to provide a simplified and economical procedure for obtaining the prompt and equitable resolution of disputes involving claims of $100,000 or less.

A Notice of Intent to Arbitrate (also called a “Demand for Arbitration”) is used to initiate arbitration under an arbitration clause. The decision of an arbitrator is as binding on the parties to the arbitration as a court judgment and can be enforced by the courts, if necessary.

You both put your case to an independent person called an arbitrator. The arbitrator listens to both sides, looks at the evidence you've sent in and decides what the outcome should be. In some cases, the arbitrator may choose to have several meetings with you both.