What is an Arbitrator?
What is an Arbitrator3 min read
What is an Arbitrator? Arbitration is an increasingly popular alternative to litigation in which parties to a dispute present their arguments in front of a neutral third-party, the arbitrator, instead of in court. In the world of law, an arbitrator is someone who is appointed by two parties who are in dispute and is given authority to make a binding decision on their behalf. The decision of the arbitrator is usually legally binding and is usually just as effective as a court decision, though it may not be subject to appeal in the same way.
An arbitrator is a neutral third party who has the power to resolve disputes between two or more parties by making a binding decision. The parties to the dispute may agree in advance to allow the arbitrator to make decisions regarding their case, or it may be a forced decision made by a court. The decision of the arbitrator is commonly called an "award." An award by an arbitrator is a binding decision on the issues in dispute and can in some cases be enforceable through the courts.
An arbitrator can be a lawyer or another professional who has a background in a particular field, depending on the subject matter of the dispute. Many cities and states have laws that require certain types of disputes to be settled through arbitration instead of in court. In these cases, an arbitrator is usually selected from a pre-approved list of arbitrators and is appointed by the court. In all cases, the arbitrator must be impartial and have no vested interest in the outcome of the dispute.
Arbitration is often chosen over litigation because it is faster and cheaper than taking a case to court. It also provides an opportunity for the parties to the dispute to be heard without having to go through a long and expensive trial. An arbitrator typically has expertise in the area of the dispute and is better able to make an informed decision than a court may be. Moreover, in some disputes, the parties may prefer confidentiality, something that is possible in arbitration, but not always in court.
When a case is brought before an arbitrator, they will hold a hearing where each party presents their case. The parties are also entitled to present evidence or bring witnesses to support their arguments. Depending on the type of case, the arbitrator may also review documents. During the hearing, the parties are given the opportunity to be heard and their arguments are considered carefully by the arbitrator.
Once an arbitrator has heard all of the evidence, they will make a binding decision on the case. This decision is legally binding and must be followed by the parties. It is important to understand that this decision cannot be appealed like a court decision, but there may still be options for appealing the decision under certain circumstances.
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