Who Uses Alternative Dispute Resolution?
Business controversies arise from millions of commercial contracts containing clauses that provide for arbitration of disputes. These include purchase and sale agreements, leases, property matters, licensing agreements, executive contracts, partnerships, franchises, joint venture and loan agreements and freight-shipping contracts. Even if a clause has not been included in a contract, parties can agree to use an alternative dispute resolution method. Who Else Uses Arbitration? The Construction Industry International Commerce Labor-management disputes Insurance claims Securities Trade Associations and Professional Societies Private Individuals How the Arbitration Process Works Following are typical steps in an arbitration: 1 . A party files a demand for arbitration. 2. Other parties named in the demand are notified and replies are requested. 3. The arbitrator is selected by the parties 4. A hearing date and location convenient to the parties and to the arbitrator is arranged. 5. At the h
Related Questions
- What are the differences between going to a court trial as opposed to alternative dispute resolution, such mediation or arbitration? Does Madia Law handle alternative dispute resolution cases?
- Are alternative methods of dispute resolution available e.g. mediation, arbitration?
- Who Uses Alternative Dispute Resolution?
