What Is Arbitration?
Arbitration is an alternative method of traditional dispute resolution. Arbitration, also known as alternative dispute resolution is a method used to prevent filing lawsuits and settling in court, and typically arbitration is a method that most people choose to avoid excessive fees and loopholes that could stall resolving the solution. There are general principles of arbitration that maintain order during ABR:
1. The purpose of mediation is to obtain a just resolution between disputes by an impartial third-party without nonessential expenses or delays.
2. Parties should be able to discuss how disputes are resolved and are subject to disagreement only by safeguards and a mediator in the interest of the public.
3. Courts should not disrupt arbitrations.
How Arbitration Works
Arbitrations can be presented in many cases—disputes concerning employment discrimination, thi