Understanding the Role of an Arbitrator
Staying Aware of All Legal Tools is Essential in the Business World2 min read
In the business world, it's essential to be aware of all the legal tools at your disposal, including innovative and creative solutions that may be used to resolve conflicts without having to go into the courtroom. One such tool that is becoming more and more popular is the use of an arbitrator. This article will explain what an arbitrator is, how one works, and where you can find one in the Los Angeles area that is knowledgeable about local regulations.
An arbitrator is a neutral third party who is hired by disputing parties as a form of alternative dispute resolution (ADR). Unlike a judge in a courtroom, an arbitrator is not a government official and is not bound by the legal rules that judges and juries are. Arbitrators are typically hired when an agreement is made between two parties in a dispute to resolve the matter through arbitration instead of litigation. The process of arbitration allows the two parties to come together and construct a solution that works for both sides, with the arbitrators’ role being to ensure that the process is conducted fairly and that the resolution reached is fair as well.
Although an arbitrator can be hired to resolve disputes ranging from contract disputes to divorce, they are most often used in the business world to resolve contractual conflicts. The process usually begins with the two parties agreeing to settle the dispute through arbitration rather than litigation. Once an arbitrator is selected, the arbitration hearings begin in a private setting, where documents and other evidence are provided. Each side has the opportunity to present evidence to the arbitrator. The arbitrator then listens to testimony to gather facts, considers the evidence, and will draw one or more conclusions that the parties have agreed to follow. After the conclusion of the hearing, the two parties receive a written decision, usually within 30 days of the hearing.
When looking for an arbitrator in the Greater Los Angeles area, it is important to find someone who is well-versed in local and state laws, as there may be some discrepancies between them. At UpCounsel, we have a network of experienced arbitrators from all over the country and many who are well-versed in the application of the Los Angeles and California regulations. Our network of attorneys also contains business lawyers who can help you prepare and represent your client for any dispute resolution, whether it be through arbitration or litigation.
An arbitrator can be an effective and efficient option in resolving business disputes while avoiding the time and costs associated with litigation. With UpCounsel’s network of experienced attorneys, you can count on us to help you find the right solution for your business needs.