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What is the difference between binding and non-binding arbitration?

April 26, 2017arbitration Binding non-binding

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What is the difference between binding and non-binding arbitration?

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Binding arbitration means that the parties waive their right to a trial and agree to accept the arbitrator’s decision as final. Generally, there is no right to appeal an arbitrator’s decision. Non-binding arbitration means that the parties are free to request a trial if they do not accept the arbitrator’s decision.