Law M100 Arbitration Exam Notes

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WHAT IS ARBITRATION? “Arbitration”  What is Arbitration? ◦ Arbitration involves agreeing with the other side to refer a dispute or difference to an impartial tribunal to make a decision o... n that dispute or difference which will bind the parties.  Features: ◦ Adjudicative process ◦ Independent arbitrator/tribunal considers both sides of dispute and makes a decision on the issues referred to ◦ Due to contractual basis, not every dispute can go to arbitration ◦ Agreement to arbitrate can be made before/after dispute arises ◦ Arbitration takes place outside the court system but with a measure of supervision by the courts.  No statutory definition of “arbitration” [Show More]

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