What is arbitration?
Arbitration is an alternative method for resolving a dispute. Rather than going to court and having a trial, both parties to the lawsuit agree to submit their dispute to an arbitration panel.
Arbitrators are independent third parties who hear evidence, render a judgment and enter an award. Arbitration panels are typically made up of three arbitrators. However, having a dispute heard by a single arbitrator is common as well.
The arbitrator’s decision may or may not be legally binding. It depends on what the parties agree to in advance.
Unlike a lawsuit, where the defendant has no choice but to participate, arbitration must be consensual. You do have the right to be represented by a lawyer during the arbitration process.
If you are facing a legal dispute related to a car, 18-wheeler or motorcycle accident, or any other personal injury, contact Fears | Nachawati today. You will receive free legal advice from an experienced Texas personal injury lawyer. Just email us at email@example.com or call our toll-free number at 1.866.705.7584.