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Arbitration services that work, only at Truitt Legal.
Arbitration is a form of alternative dispute resolution (ADR) where a dispute is resolved outside the court system. In this process, the parties in dispute agree to be bound by the decision of an independent third party, known as the arbitrator.
This process can be more flexible than court procedures, and it’s often less formal.
Non-Binding Arbitration: Flexible Solutions for Delicate Cases
What is a Non-Binding Arbitration?
- Time and Cost-Efficient: Non-binding is often quicker and more cost-effective than going to court. Truitt Legal understands the value of your time and resources, and we strive to streamline the process without compromising on the quality of results. Non-binding arbitration is not a new procedure but is gaining state-wide popularity after years of being an ADR tool in the 20th Judicial Circuit. NBA is now being ordered in many circuits and often combined with mediation in a “hybrid” procedure. Close to 50 percent of our bookings involve NBA. The parties present their case largely through statements and documents.
- Informal setting: Non-binding offers a less formal environment compared to traditional court proceedings.Truitt Legal’s Expertise in Delicate and Complex Cases: Over the years, Truit Legal has honed its skills in handling delicate cases with tact, sensitivity, and discretion. We have successfully arbitrated hundreds of disputes, spanning various industries and complex legal issues. Our track record of achieving amicable resolutions speaks to our commitment to delivering the best possible outcomes for our clients. Truitt Legal’s dedication to providing exceptional non-binding arbitration services stems from our belief in the power of mediation to forge resolutions that benefit all parties involved. With our guidance, you can trust that your delicate case will be handled with professionalism, empathy, and unwavering commitment to finding the best possible outcome.
The Arbitration Process
Here’s how the process generally works:
- Agreement to Arbitrate: The parties involved must agree to resolve their dispute. This can happen after a dispute arises, or they may have a clause in a contract that requires arbitration in the event of a dispute.
- Selection of Arbitrator(s): The parties choose their arbitrator(s), usually from a list provided by an arbitration institution. If they can’t agree, the institution will appoint one.
- Preliminary Hearing: In this meeting, parties outline their case to the arbitrator(s), discuss and decide upon the procedures and timetable to be followed.
- Exchange of Information: Each side shares evidence and information about their case with the other. This might include documents, witness statements, or expert reports.
- Hearing: Similar to a court trial, each side presents their case, calls witnesses, and cross-examines the other side’s witnesses. But the process is usually less formal than a trial.
- Decision (Award): The arbitrator(s) make a decision based on the evidence presented. The decision, or award, is often final and legally binding on both parties.
Advantages of this process can include lower costs, greater confidentiality, and faster resolution than court litigation.