Agree With Arbitration In Wake

State:
Multi-State
County:
Wake
Control #:
US-0009BG
Format:
Word; 
Rich Text
Instant download

Description

The Agreement to Arbitrate Online is a legal document designed for parties wishing to resolve disputes through arbitration via the ArbiClaims platform. This agreement outlines the terms under which Claimant and Respondent accept the arbitration process governed by the rules of the American Arbitration Association. Key features include the submission of disputes to a designated arbitrator, the finality of the arbitrator's decision, and stipulations regarding expenses associated with the arbitration. The form is structured to guide users through the necessary information, including the specifics of their dispute and the governing law applicable in their state. For attorneys, partners, and owners, this document serves as a framework to facilitate efficient dispute resolution without lengthy litigation. Paralegals and legal assistants will find it useful for managing the documentation and communication between parties, while ensuring compliance with legal standards. The clear instructions within the form promote ease of use, making it suitable even for individuals with limited legal experience.
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FAQ

If the defendant doesn't show up, and no valid reason is given for his/her absence, the arbitrator will hear the plaintiff's claim and make a decision based on the plaintiff's evidence in the defendant's absence.

Arbitration might be the right choice for some cases. Limited discovery rights and costs might be useful when less is at stake. Arbitration might feel less adversarial, which could be an advantage where ongoing relationships are hoped to be preserved. Arbitration lends some confidentiality.

Some potential consequences may include: Breach of Contract: If arbitration is a contractual requirement and one party refuses to participate, they may be in breach of the contract. The non-complying party may be held liable for damages resulting from the breach.

Section 4 of the Federal Arbitration Act (FAA) says "a party aggrieved by the alleged failure, neglect or refusal of another to arbitrate under a written agreement for arbitration may petition any U.S. district court ... for an order directing that such arbitration proceed in the manner provided for in such agreement."

If neither party appeals the decision, it will be binding, like an order by a judge. However, a party unhappy with the arbitrator's decision can request a new trial before a judge.

Always get straight to the merits without berating the other side or whining about how badly it has treated you. Another threat to your credibility is the “kitchen sink” arbitration demand or a response that includes numerous claims or defenses that have little chance of succeeding.

If one party feels the decision is erroneous, there is very limited opportunity to correct it. There are many cases in which arbitration can become more expensive than court proceedings. Quality arbitrators can demand substantial fees that would not apply in court.

Arbitration might be the right choice for some cases. Limited discovery rights and costs might be useful when less is at stake. Arbitration might feel less adversarial, which could be an advantage where ongoing relationships are hoped to be preserved. Arbitration lends some confidentiality.

Arguments should flow easily from the relevant facts and applicable law. Avoid exaggerating the strengths of your case as well as disparaging the opposing side. Remember that professionalism and credibility are critical to persuasiveness.

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Agree With Arbitration In Wake