Pennsylvania Stipulation to Binding Arbitration is a legal document that is signed by both parties in a dispute in order to agree to submit the dispute to binding arbitration. Binding arbitration is a process where the parties agree to have an unbiased third party settle the dispute and to be bound by the decision. The Pennsylvania Stipulation to Binding Arbitration is used to guarantee that both parties agree to the process of arbitration and to the outcome that is decided by the arbitrator. There are two types of Pennsylvania Stipulation to Binding Arbitration: one is the Predispose Binding Arbitration, which is entered into prior to any dispute arising, and the other is the Post-Dispute Binding Arbitration, which is entered into after a dispute arises. Both types of agreements provide an alternative to litigation and are used to settle disputes quickly, efficiently, and cost-effectively.
Pennsylvania Stipulation to Binding Arbitration is a legal document that is signed by both parties in a dispute in order to agree to submit the dispute to binding arbitration. Binding arbitration is a process where the parties agree to have an unbiased third party settle the dispute and to be bound by the decision. The Pennsylvania Stipulation to Binding Arbitration is used to guarantee that both parties agree to the process of arbitration and to the outcome that is decided by the arbitrator. There are two types of Pennsylvania Stipulation to Binding Arbitration: one is the Predispose Binding Arbitration, which is entered into prior to any dispute arising, and the other is the Post-Dispute Binding Arbitration, which is entered into after a dispute arises. Both types of agreements provide an alternative to litigation and are used to settle disputes quickly, efficiently, and cost-effectively.
