Arbitration

Arbitration is a legal process used to resolve disputes outside the court system. In an arbitration case, parties involved in a conflict agree to submit their case to an arbitrator or a panel of arbitrators, who are neutral third parties with expertise in the relevant field. Unlike court proceedings, arbitration is typically less formal, and the arbitrator's decision, known as an award, is usually final and binding on both parties.

The arbitration process begins with the parties agreeing to arbitration through a contract clause or mutual consent. They then select an arbitrator or arbitration panel, often based on qualifications or expertise. The arbitrator reviews evidence, hears arguments from both sides, and makes a decision. The process is generally quicker and more cost-effective than traditional litigation, and it offers confidentiality, as hearings and outcomes are not typically public record.

Arbitration is commonly used in commercial disputes, labor disputes, and international disagreements, providing a structured yet flexible approach to resolving conflicts.