Rules of Arbitration

Arbitration rules are guidelines that govern how disputes are resolved outside of court. When parties agree to arbitration, they submit their issues to an impartial third party, known as an arbitrator. The rules outline the process, including how evidence is presented, timeframes for submissions, and the arbitrator's authority. The goal is to achieve a fair, efficient, and binding resolution to the dispute. Unlike court proceedings, arbitration is typically less formal, quicker, and can be tailored to the needs of the parties involved. The decision made by the arbitrator is usually final and enforceable by law.