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What are the advantages of arbitration?

Question and Answer

What are the advantages of arbitration?

Some of the advantages of arbitration include:

  • arbitrators are knowledgeable and experienced attorneys or retired Superior Court Judges;
  • prompt scheduling, expeditious procedures, and established time frames for each step serve to limit the time required to resolve the case;
  • many of the costs associated with the formal court process can be eliminated by arbitration;
  • each party tells his or her side of the case to an arbitrator in an atmosphere that is less formal than a court proceeding;
  • an arbitrator's decision and award may resolve a case or serve as the basis for further negotiations to a settlement; and
  • arbitration awards, if accepted by all parties and confirmed by the court, are legally binding and enforceable