Washington Stipulation And Order Transferring To Arbitration is a binding legal document between the parties involved in a dispute, usually entered into in the state of Washington. This document outlines an agreement between the parties to transfer the dispute to an arbitration process. This document is typically used when the parties are unable to come to an agreement on their own and need a third party to help settle the dispute. There are two types of Washington Stipulation And Order Transferring To Arbitration: binding and non-binding. Binding Washington Stipulation And Order Transferring To Arbitration is a legally binding agreement between all parties involved that states that the dispute must be resolved through arbitration. Non-binding Washington Stipulation And Order Transferring To Arbitration is an agreement between the parties that indicates that they are willing to try to resolve the dispute through arbitration, but that either party may decide to terminate the arbitration at any time.
Washington Stipulation And Order Transferring To Arbitration
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FAQ
(a) Selection by stipulation A stipulation may specify the maximum amount of the arbitrator's award. The stipulation to an arbitrator must be served and filed no later than 10 days after the case has been set for arbitration under rule 3.812.
In Washington, an arbitrator must be a licensed attorney with at least 5 years of experience practicing law or another individual who has undergone special training (RCW 11.96A. 310). After the hearing the arbitrator provides a written decision or award within 14 days of the hearing. The award is filed with the court.
There are also some disadvantages of arbitration to consider: No Appeals: The arbitration decision is final. There is no formal appeals process available. Even if one party feels that the outcome was unfair, unjust, or biased, they cannot appeal it.
Cost of Arbitration in Washington State Those fees range from $200-$250, depending on the area.
(1) An agreement contained in a record to submit to arbitration any existing or subsequent controversy arising between the parties to the agreement is valid, enforceable, and irrevocable except upon a ground that exists at law or in equity for the revocation of contract.
(1) On motion of a person showing an agreement to arbitrate and alleging another person's refusal to arbitrate pursuant to the agreement, the court shall order the parties to arbitrate if the refusing party does not appear or does not oppose the motion.
Cases Subject to Civil Arbitration the relief requested is for money damages only; and. no claim exceeds the jurisdictional limit of $100,000, exclusive of attorney's fees, interest, or costs.