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What is Arbitration?

Arbitration is the process of resolving conflicts outside courts. It is also called Alternative Dispute Resolution (ADR). Arbitration is often used to resolve different types of disputes such as commercial disputes, consumer contracts, employment disputes, etc. The entire process generally costs less, is faster, and more informal than court proceedings. Arbitration is usually a clause in legal contracts, wherein both parties agree to Arbitration in case of a dispute. Such a clause specifies the entire manner in which the proceedings may be conducted. Arbitration can be either mandatory or voluntary, and the arbitrator's decision may be binding or nonbinding on both the parties. If Arbitration is mandatory then, both parties must necessarily agree to it in case the need arises. In the case of voluntary Arbitration, they have the choice to go to an arbitrator after they have tried all other means to resolve their conflict. If Arbitration is binding, then both parties have to accept the final decision, and only in extreme cases can they approach a court of law to review or overturn the arbitrator’s judgment. In the case of non-binding Arbitration, either or both parties may not accept the award and decide to go to court. The main reason they undergo this type of arbitration is to evaluate their chances of winning if there is a trial. If you are looking for freelance arbitration services for your business, you can hire the same from a top freelancing site like Guru.com.

What Does an Arbitrator Do?

An arbitrator is generally a member of a reputed group or association who is considered impartial and is accepted by both parties. He listens to the two sides, reviews the evidence, and decides on the judgment. When the matter is highly technical, the arbitrator chosen must have considerable expertise in the field so that the discord can be resolved quickly and fairly. For example, in the case of disagreements in matters related to tax, you can hire tax dispute resolution experts for arbitration. For misunderstandings or feuds between companies, there are freelance corporate dispute lawyers who are experts in the subject and can be hired to give an impartial judgment. You can find these freelance dispute resolution experts on Guru.com, one of the best sites to hire skilled freelancers online. Before you decide to engage their services do ensure that they:

  • Are subject matter experts.
  • Are known for being patient and neutral.
  • Can give the requisite time for the matter.

Qualifications to Check for Before You Hire an Arbitrator

  • A Bachelor’s or Master’s degree in law.
  • Subject matter expertise in case of a technical arbitration.
  • Experience in handling similar cases with a fair resolution.

Benefits of Engaging Freelance Arbitration Services

  • They will be impartial and listen to both sides neutrally.
  • They will resolve the matter faster than a court of law.
  • The expenses incurred will be lesser than a costly litigation.

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