Merge Legal North Carolina Arbitration Forms For Free

Arbitration is a method of resolving a dispute between two or more parties by neutral, qualified individuals, who serve as decision-makers after weighing the facts of each case presented.

A statement of costs lists the costs incurred by a party, including the costs of its legal representation, while a submission on costs also contains a party's arguments on how and by whom the costs should be paid. In principle, the costs of the arbitration are to be borne by the unsuccessful party.

If your case has been sent to arbitration by the court, you must attend the hearing, participate in good faith, and pay your share of the $100 arbitration fee. The fee is divided equally among the parties and must be paid to the clerk of court.

Arbitrators are usually attorneys, business professionals, or retired judges with expertise in a particular field. As impartial third parties, they hear and decide disputes between opposing parties. Arbitrators may work alone or in a panel with other arbitrators.

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.)

Sample Clauses Providing for Ad Hoc Arbitration. ?Any dispute, controversy or claim arising out of or relating to this contract, or the breach, termination or invalidity thereof, shall be settled by arbitration in ance with the UNCITRAL Arbitration Rules as at present in force.?