Arbitration: Difference between revisions
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*Typically - decision on the spot. Once ruled - that's it | *Typically - decision on the spot. Once ruled - that's it | ||
*If he goes nuts - does rulings outside of scope or law - that can be appealed. Can't go back and say arbit was wrong, or ignored facts, or applied wrong law. Stuck with it, that's it. | *If he goes nuts - does rulings outside of scope or law - that can be appealed. Can't go back and say arbit was wrong, or ignored facts, or applied wrong law. Stuck with it, that's it. | ||
*2 ways to do it: very informally - we all agree to an arbitrator, who sets the rules. | |||
*Or more common: some arbitral org - American Arbitration Association, is biggest one. | |||
* | |||
Revision as of 19:09, 16 May 2025
- Requires absolute agreement between parties
- Parameters of arbitration - 1 or 3 typical arbitrators. 1 likely here since this is not complex.
- Modified, very relaxed legal proceeding. Not looking strictly at rules of procedure or evidence
- Typically - decision on the spot. Once ruled - that's it
- If he goes nuts - does rulings outside of scope or law - that can be appealed. Can't go back and say arbit was wrong, or ignored facts, or applied wrong law. Stuck with it, that's it.
- 2 ways to do it: very informally - we all agree to an arbitrator, who sets the rules.
- Or more common: some arbitral org - American Arbitration Association, is biggest one.