arbitration proceedings

Arbitration proceedings are a method of resolving disputes outside the court system. In arbitration, the conflicting parties present their case to an impartial third party called an arbitrator, who listens to both sides, reviews evidence, and makes a binding decision. The process is usually faster and less formal than a court trial, and it often involves fewer legal procedures. Parties typically agree to arbitration through a contract or after a dispute arises, making it a flexible alternative for settling disagreements in various fields, including business and labor relations.