Certificate of Compulsory Arbitration: A Certificate of Compulsory Arbitration states the amount in controversary in a particular case. If the amount in controversy has reached a certain limit, the cause of action may be eligible for the state's compulsory arbitration clause. At this point, the parties must submit to a mediation and/or arbitration in an attempt to resolve the matter prior to trial. This form is available in both Word and Rich Text formats.
Phoenix Arizona Certificate of Compulsory Arbitration
Category:
State:
Arizona
City:
Phoenix
Control #:
AZ-GEN-21
Format:
Word
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How to fill out Arizona Certificate Of Compulsory Arbitration?
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FAQ
Compulsory arbitration will both improve the administration of justice and enhance the public's image of the bar at a time when the public is clearly frustrated by the congestion, cost, and resulting inefficiency. Federal and State case law has upheld the constitutionality of this approach.
Most of the time, but not always the case, arbitration is a lot less expensive than litigation. Arbitration is often resolved much more quickly than court proceedings, so attorney fees are reduced. Also, there are lower costs in preparing for the arbitration than there are in preparing for a jury trial.
Arbitration has four types of functions: resolving contractual disputes between management and labor, addressing interests of different parties in bargaining situations such as public sector labor relations, settling litigated claims through court-annexed programs, and resolving community disputes.
For instance, to cite a hypothetical example of the sum in dispute in an arbitration being a total of Rs. 100,00,00,000, each individual arbitrator in a three-member arbitral tribunal would be entitled to a sum of Rs. 30,00,000 as the fee as per this interpretation.
(2) The cost to be incurred on payment of expenses referred to in Sub-Rule (1) to an arbitrator nominated by a party will be borne and paid by the party nominating the arbitrator.
The least expensive arbitrators usually charge $150 an hour, while the most expensive might charge $400-$500 an hour or more depending on their area of expertise.
Compulsory Arbitration is a mandatory program for disputes valued under $50,000. A court-appointed arbitrator reviews the case to decide a just resolution and award. Arbitration is intended to lower court costs for litigants and allow the Court to utilize judicial resources more effectively.
Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.
Parties can become involved in the arbitration process in one of three ways: judicial arbitration, contractual arbitration or by stipulation. Judicial arbitration is a statutory procedure (Code of Civil Procedure §§1141.10, et seq.) by which certain types of cases are directed to nonbinding arbitration before trial.
In practice, however, arbitrators are frequently lawyers, retired judges, or business professionals expert in a particular field.