Make Notes On Legal North Carolina Arbitration Forms For Free

If you sue your former employer for wrongful termination, for example, the court can award you only monetary damages, ing to Cole and Blankley. By contrast, in addition to (or instead of) awarding damages, an arbitrator could order the company to reinstate you.

Arbitration is a contract-based form of binding dispute resolution. In other words, a party's right to refer a dispute to arbitration depends on the existence of an agreement (the ?arbitration agreement?) between them and the other parties to the dispute that the dispute may be referred to arbitration.

Arbitration provides a procedure which is far less complex than the court process. Its advantages are the designation of expert and impartial persons to decide issues and the convenience and speed of the procedure.

A party asks a court to compel or stay arbitration in North Carolina state court by filing a motion, whether or not there is a lawsuit already pending between the parties. If the application starts the action, the party files an initial motion. (N.C.G.S. § 1-569.5.)

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. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.

Include the name and contact details of all parties (including e-mail, street address and telephone number) be signed and dated by the requesting party or its representative. enclose proof of the representative's authority to act, e.g., a power of attorney or a letter of engagement.