Arbitration

Arbitration may be either binding or advisory depending on agreement of the Parties. Parties may enter into an agreement to arbitrate before or after their dispute has arisen. The arbitrator listens to evidence and makes a decision called an "award". If within a specific time period a trial de novo is not requested, then an advisory decision becomes binding. A binding decision has the force of law, and there are limited grounds for an appeal. Selecting a skilled arbitrator, who possesses subject matter and legal expertise, is critical.