Arbitrate Dispute Form
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What does it mean to arbitrate a dispute?
Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.
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Who usually wins in arbitration?
Consumers are more likely to win in arbitration than in court. This research from ndp | analytics demonstrates that in disputes initiated by a consumer, consumers fare much better in arbitration than they do in litigation.
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Is arbitration good or bad?
Arbitration tends to be less expensive than litigation because it typically involves fewer procedural hurdles and streamlined processes. Additionally, arbitration can be faster, often resolving disputes more quickly than court cases, which can drag on for years. Another advantage is confidentiality.
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Should I agree to arbitrate?
Arbitration is litigation, just not in court. Arbitration might be the right choice for some cases. Limited discovery rights and costs might be useful when less is at stake. Arbitration might feel less adversarial, which could be an advantage where ongoing relationships are hoped to be preserved.
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What is an example of an arbitration dispute?
Arbitration is often used in collective employment related disputes. For example, a trade union might be in dispute with an employer over a pay rise. The union could agree with the employer to ask the Agency to appoint an arbitrator to hear each side's case and then make an independent and impartial decision.
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Should I opt out of arbitration?
Even if you don't currently have a dispute with the company, it is a good idea to opt out of the forced arbitration clause to preserve your options. You can always agree later to use an arbitrator to resolve any dispute. Moreover, if you have opted out, you will have more negotiating power if there is a problem.
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Who usually wins in arbitration?
Consumers are more likely to win in arbitration than in court. This research from ndp | analytics demonstrates that in disputes initiated by a consumer, consumers fare much better in arbitration than they do in litigation.
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Is it a good idea to arbitrate?
In and of itself, arbitration is not a bad thing. The advantages are that it's speedy, done by someone who is an expert in your field and can be kept confidential if you wish. The downsides are that it can get pretty expensive since the parties have to pay for everything and that there could potentially be no appeal.
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