Finality of Awards

Finality of awards refers to the principle that decisions made by arbitrators or mediators in disputes are considered conclusive and binding. This means that once an award is issued, the parties involved generally cannot contest or appeal the decision in court, except in limited circumstances, such as fraud or procedural unfairness. This promotes efficiency and certainty in resolving disputes, allowing parties to move forward without prolonged litigation. The concept underscores the importance of arbitration and mediation as alternative methods of conflict resolution, emphasizing that the awards given hold legal weight and are respected in the eyes of the law.