The arbitration session(s) takes place and results in an award being issued by the Arbitrator at
the end of all the evidence being presented and considered, the award normally will be
issued within 30 days or sooner depending on the nature of the case. The Arbitrator prepares
a legally enforceable award, that can be enforced in court. An arbitration award can be
challenged but is very difficult to overturn. Ending litigation is typically in the best interests of
all parties, despite the fact that parties frequently believe that they receive less in an award
than they desire. Thus, any dissatisfaction with the terms of the award including amounts
paid or received or conditions to adhere to typically fades very quickly and is replaced with
relief and contentment with the final award that is issued by the arbitrator.
8- Arbitration Session(s) Occur
Category:
Arbitration