Devoted to Corporate Attorneys, Corporate Lawyers, and Corporate Counsel

The following is not meant to be legal advice. 

In lay terms, arbitration is the process in which one or more arbitrators hear evidence from the parties to a dispute and then issue an award that decides who gets what. 

Some think arbitration is usually cheaper and faster than litigation.  Others think that arbitration gives parties have more control over choosing the judge to the dispute.  Unless otherwise agreed, or if required by statute, arbitration awards are binding.  Though, parties can mutually agree to withdraw the case before an award is issued. 

Arbitration allows parties to choose when, where and how the matter will be decided.  Common cases that go to arbitration include employment law cases involving performance, unfair treatment in the workplace.