Merge Legal Virginia Arbitration Forms For Free

The Commission shall establish a schedule of fixed fees for the costs of arbitration. Except as provided in subsection D, such fees shall be divided equally among the parties to the arbitration.

Joinder in arbitration is the act of involving a third party as a party in already ongoing proceedings. This mechanism contributes to saving on time and costs related to a dispute among more than two parties, and is usually connected to multi-party and/or multi-contract arbitration.

(a) Explanation. (1) Consolidation may occur where two or more parties have cases which should be united because they contain identical or similar issues or in such other circumstances as justice requires. (2) Joinder may occur where one person has two or more petitions pending and they are united for consideration.

An arbitration agreement is a contract and can only bind, and be invoked by, those persons or entities that are party to the agreement. However, there are circumstances in which third parties, who were not parties to the original agreement, may either be bound by, or take the benefit of, an arbitration agreement.

Where a third party has a direct relationship to the party which is a signatory to the arbitration agreement, a direct commonality of the subject matter and where composite reference of such parties would serve the ends of justice, third parties may be joined to the arbitration.

A claimant initiates an arbitration by filing a statement of claim that specifies the relevant facts and remedies requested. A respondent responds to an arbitration claim by filing an answer that specifies the relevant facts and available defenses to the statement of claim.

In general, a Request for Arbitration or a Notice of Arbitration must contain the names of each of the parties, the names of the parties' representatives, a description of the dispute giving rise to claims, a statement of the relief sought, a description of the agreement containing the arbitration clause, the choice of ...