Arbitration in The United States

Arbitration In The United States

Arbitration, in the context of United States law, is a form of alternative dispute resolution — specifically, a legal alternative to litigation whereby the parties to a dispute agree to submit their respective positions (through agreement or hearing) to a neutral third party (the arbitrator(s) or arbiter(s)) for resolution. In practice arbitration is generally used as a substitute for judicial systems, particularly when the judicial processes are viewed as too slow, expensive or biased. Arbitration is also used by communities which lack formal law, as a substitute for formal law.

Arbitration may also serve a distinct purpose: as an alternative to strikes and lockouts as a means of resolving labor disputes. Labor arbitration comes in two varieties: interest arbitration, which provides a method for resolving disputes about the terms to be included in a new contract when the parties are unable to agree, and grievance arbitration, which provides a method for resolving disputes over the interpretation and application of a collective bargaining agreement.

Read more about Arbitration In The United States:  Validity of Arbitration Clauses, Timeliness and The Non-Existence of Arbitration Agreements, Proceedings, Arbitrators, Umpire, Arbitration On TV, Arbitration Fairness Act

Famous quotes containing the words united states, united and/or states:

    “You are, I am sure, aware that genuine popular support in the United States is required to carry out any Government policy, foreign or domestic. The American people make up their own minds and no governmental action can change it.”
    —Franklin D. Roosevelt (1882–1945)

    “When Mr. Apollinax visited the United States
    His laughter tinkled among the teacups.
    I thought of Fragilion, that shy figure among the birch-trees,
    And of Priapus in the shrubbery
    Gaping at the lady in the swing.”
    —T.S. (Thomas Stearns)

    “The one who first states a case seems right, until the other comes and cross-examines.”
    —Bible: Hebrew, Proverbs 18:17.