You can always agree to arbitration later if your lawyer advises you it's a good choice in the particular situation you find yourself in. There's no benefit to you in doing so months or years ahead of time.
Limited Appeal Options: One of the most significant downsides of arbitration is that it offers very limited options for appeal. Once the arbitrator makes a decision, it's usually final unless there was a substantial legal oversight.
Arbitration is a fairer, faster, and less expensive way to resolve disputes than time-consuming and expensive litigation.
Win Rate: Consumers prevailed in 41.7% of arbitrations that terminated with awards compared to 29.3% of litigations that terminated with awards. Employees prevailed in 37.7% of arbitrations that terminated with awards compared to 10.8% of litigations that terminated with awards.
State laws allow a health care provider to establish a system in which any disputes regarding negligence or medical malpractice must be decided by the legal procedure of arbitration, instead of through our court system.
Necessary Elements Details of the Parties. Details of the relationship between the parties. Demand for Arbitration. The mention of agreement/contract (if any). The mention of already existing arbitration agreement between the parties pursuant to which the concerned notice of arbitration has been sent (if any).
Top 10 tips for drafting arbitration agreements Introduction. Scope of the arbitration agreement. Seat of the arbitration. Governing law of the arbitration agreement. Choice of rules. Language. Number and appointment of arbitrators. Specifying arbitrator characteristics.
BACK TO BASICS : HOW TO ADDRESS AN ARBITRATOR Arbitrator – Mr. Arbitrator / Madam arbitrator / However they prefer (Please always ask pronounces too before addressing) Tribunal member. Name.
Always get straight to the merits without berating the other side or whining about how badly it has treated you. Another threat to your credibility is the “kitchen sink” arbitration demand or a response that includes numerous claims or defenses that have little chance of succeeding.
The arbitrator's notes are ultimately the record upon which the arbitrator's memory of the hearing will largely be based. The opening statement should, in a concise clear fashion, outline the “who, what, where, how, and when” of the case.