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Arbitration Form

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module four arbitration what is arbitration arbitration is a form of alternative dispute resolution or ADR conflicted parties present their positions to a neutral person who makes a final and binding decision about the conflict it is more formal than mediation or settlement conferences but less formal than courtroom proceedings businesses often utilized this common type of ADR is a less expensive and faster alternative to traditional litigation the history of arbitration in North America dates back to colonial times and was common practice for Native Americans as a tool for resolving conflicts between different tribes colonists used arbitration to settle maritime and business disputes in England in 1632 Massachusetts became the first colony to adopt formal arbitration laws followed by Pennsylvania in 1705 use of arbitration continued throughout the expansion of the country and by the start of the 20th century arbitration was an established tool for dispute resolution within the United

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