The New Jersey Uniform Arbitration Statement of Facts (JUST) is a document used in the arbitration process in the state of New Jersey. It provides a clear and concise summary of the facts related to a dispute between parties, and is used to help a neutral third party — an arbitrator – to make a decision. ThJUSTSF consists of two parts: the Statement of Facts and the Statement of Agreements. The Statement of Facts outlines all the facts relevant to the dispute, including background information, the parties involved, and the issues at hand. The Statement of Agreements outlines the parties' agreements, including any settlement or compromise that has been reached. There are three types of New Jersey Uniform Arbitration Statement of Facts: 1) Standard JUST; 2) Non-Standard JUST; and 3) JUST for Small Claims. The Standard JUST is the most common one, and is used by parties who are represented by attorneys and who are looking to have a more formal arbitration process. The Non-Standard JUST is used by parties who are not represented by attorneys and who may need a less formal arbitration process. The JUST for Small Claims is used for disputes with a monetary value of $3,000 or less, and is designed to provide a simplified process.
New Jersey Uniform Arbitration Statement of Facts
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Instead, if a party wins in the arbitration and the other party does not do what the award says, the winning party may go to court to ?confirm? the arbitration award. Under AAA rules, parties to AAA cases agree that the arbitration award can be entered as a judgment in any federal or state court with jurisdiction.
Arbitration hearings are not held in open court, there are no public records filed, and the transcripts are not available as public record. Settlements are also typically kept confidential in arbitration hearings.
The Federal Arbitration Act and the New Jersey's Revised Uniform Arbitration Act give the court authority to appoint an arbitrator when the parties have failed to and their agreement does not specify a method for appointment.
(3) within 50 days after the filing of the arbitration award, any party moves for confirmation of the arbitration award and entry of judgment thereon. The judgment of confirmation shall include prejudgment interest pursuant to R. -11(b).
The award and any accompanying written opinion. When the arbitration was held outside of the state but the arbitration agreement was entered into in the state, the party seeking to confirm the award must file a petition for confirmation in the county where the parties entered into the arbitration agreement.
The winning party can petition the Superior Court of New Jersey to confirm the arbitration award. Confirming the arbitration award is the substantial equivalent of filing a civil judgment against a losing party.