Binding and Non Binding Arbitration
By John Kessel | On April 17, 2008 | In
Legal
| 24 Viewings | Rated
Arbitration is the alternative choice available to resolve disputes without going for litigation or trial. Both the parties have to agree that a third party arbitrator will act as both judge and jury. Arbitration can be binding or nonbinding but quite often it ends in a settlement. In a non binding arbitration no arbitration award is issued. The parties may even agree to follow the rules put down by the AAA (American Arbitration Association).
