What if the parties settle the matter within 24 hours of the Arbitration Hearing time?
If the parties settle the matter within 24 hours prior to the hearing, they have four options: • One or both parties may appear at the Arbitration Center and present a stipulation to the panel. The panel then uses the stipulation as the award. This procedure allows the parties to work out the details of the settlement (until the post-hearing status date) at which time they may either enter judgment on the award or dismiss the case. • The parties may dismiss the matter by preparing a signed dismissal order and faxing the order to the Arbitration Center. • The parties may prepare an order approved in writing by all parties entering judgment and fax it to the Arbitration Center. • Obtain a dismissal order or judgment order from a Judge of the Circuit and fax a copy to the Arbitration Center.
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- What if the parties settle the matter within 24 hours of the Arbitration Hearing time?
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