Arbitration Definition: Arbitration is a type of Alternative Dispute Resolution (ADR).It is a process wherein one or more independent third person, analyses the dispute thoroughly, ascertains the cause of dispute, listens to the parties, i.e.

Arbitration is an Alternative Dispute Resolution (ADR) procedure whereby parties to a dispute, rather than litigate in court, agree to place their case before an impartial third-party arbitrator who, after hearing the matter, issues a ruling in favor of one of the parties. The arbitral tribunal must give a decision on the dispute and this decision is thus binding on the parties in the dispute since they have no grounds to appeal. If differs from other types of arrangements such as mediation, expert determination, etc. Arbitration is distinct from litigation primarily because the parties to the dispute have the right to choose the arbitrator depending on the type of arbitration they opt eg: ad hoc or institutional.
Arbitration is the final resolution of a dispute, and enforcement of an arbitration award is strictly legal. India is a signatory to the New York convention, which facilitates the …

Types Of Arbitration. India is a signatory to the New York convention, which facilitates the enforcement of international arbitral awards. Nature of Arbitration. Arbitration is distinct from litigation primarily because the parties to the dispute have the right to choose the arbitrator depending on the type of arbitration they opt eg: ad hoc or institutional. The essence of arbitration is that a third party private person adjudicates on the dispute.

The arbitration process begins when one party files a claim, detailing the dispute, including the individuals or entities involved, dates, and type of relief sought, whether monetary, interest, or specific performance.

There are typically two types of arbitration that private parties can agree to. Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. If mediation is an insufficient means for the parties to adequately address the conflict, then arbitration may be an excellent option. An ad hoc arbitration is one that is not administered by an institution. Arbitration is a type of alternative dispute resolution process in which parties that have a legal dispute forego the court process and submit their case to an arbitrator or arbitration panel to decide the matter. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court. During this process, a neutral arbitrator, or panel of arbitrators, reviews and examines the evidence in the case and issues a decision. At the conclusion of the arbitration, the arbitrator will deliver an award which is final and binding on the parties. Typically, a party initiates the arbitration process by sending the other party a written demand for arbitration. Arbitration clauses are found in all types of agreements these days: from employment and securities trading agreements to many kinds of consumer contracts, including those for credit cards, home repairs, health insurance, telephones, and selling and financing cars. These institutions typically have a formal set of procedures and arbitration rules that disputing parties have chosen to follow through the arbitration …