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Just because someone hangs a license on the wall to practice law, they may not necessarily be the right attorney for matters that apply to you. It is well worth your time to do some investigating and querying before you select a lawyer to represent your interests. Most attorneys value their reputations and will be honest about what... more »
Debt arbitration is a third-party intervention that brings debtors and and creditors together in order to reach a debt settlement. Generally debt arbitrators represent debtors to settle unsecured debt. Debt arbitration can set a debt management or debt settlement plan. Debt arbitration is not the same as credit counseling. more »
It's not uncommon for a policyholder to disagree with his auto insurance company on the damages of a vehicle or injury. As a matter of fact, in regards to liability, two opposing auto insurance companies often don't agree either. For this reason, procedures are in place that allow an non-partial third party to step in and negotiate a... more »
Starting in the early 2000s, credit card holders began receiving notices of changes to their credit card terms which included mandatory credit card arbitration. The industry standard for handling credit card disputes soon became mandatory credit card arbitration, which is mediated by a third party. The legality of credit card... more »
Most people put a lot of thought into what kind of car they want when they decide they need to get a new car. It isn't uncommon for a buyer to do lots of research and ask lots of questions before finally making that big purchase. What happens when you find out that the car wasn't everything you thought it would be? If you end up... more »
Credit card debt can make you feel like you are drowning. If most of your paycheck goes...
The purpose of all consumer protections, such as the lemon law, is to create trust in the marketplace by eliminating gross fraud and unfair... more »
A letter of arbitration is an agreement between two parties stating what will happen if a dispute arises. You can write the arbitration letter... more »
Often you need a lawyer to help you with a legal issue, but they can make mistakes, too. And since there are good and not so good members of any... more »
Suing a lawyer may seem like an impossible and improbable thing to even try to do or think about. However, if your attorney or the law firm that... more »
Mediation and arbitration are alternative forums to litigation for resolving a claim or dispute. more »
Disputes over consumer-oriented issues have become a common phenomenon in today’s world. When products or services turn out to be faulty and you... more »
Arbitration, a form of alternative dispute resolution (ADR), is a legal technique for the resolution of disputes outside the courts, wherein the parties to a dispute refer it to one or more persons (the "arbitrators", "arbiters" or "arbitral tribunal"), by whose decision (the "award") they agree to be bound. It is a settlement technique in which a third party reviews the case and imposes a decision that is legally binding for both sides. Other forms of ADR include mediation (a form of settlement negotiation facilitated by a neutral third party) and non-binding resolution by experts. It is more helpful, however, simply to classify arbitration as a form of binding dispute resolution, equivalent to litigation in the courts, and entirely distinct from the other forms of dispute resolution, such as negotiation, mediation, or determinations by experts, which are usually non-binding. Arbitration is most commonly used for the resolution of commercial disputes, particularly in the context of international commercial transactions. The use of arbitration is far more controversial in consumer and employment matters, where arbitration is not voluntary but is instead imposed on consumers or employees through fine-print contracts, denying individuals of their right to access the courts.
Arbitration can be either voluntary or mandatory and can be either binding or non-binding. Non-binding arbitration is, on the surface, similar to mediation. However, the principal distinction is that whereas a mediator will try to help the parties find a middle ground on which to compromise, the (non-binding) arbitrator remains totally removed from the settlement process and will only give a determination of liability and, if appropriate, an indication of the quantum of damages payable.
History
It is not known exactly when formal non-judicial arbitration first began but it can be said with some certainty that arbitration, as a way of resolving disputes predates formal cou read more at » http://en.wikipedia.org/wiki/Arbitration
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