Non-Binding Arbitration: Tool or Trap?
Non-Binding Arbitration: Tool or Trap? BLOG You may have never heard of arbitration, let alone the difference between "binding" and "non-binding." Think of arbitration as a "diet trial." It is held before a qualified arbitrator, usually a specialized attorney or retired judge, who reviews evidence and issues a written decision. Binding Arbitration: The decision is final. You are stuck with it. Non-Binding Arbitration: The decision is not final. Either party can reject the outcome and ask the Court for a real trial. This raises a big question for anyone involved in a lawsuit: Is non-binding arbitration a smart way to resolve a dispute, or just an expensive hoop to jump through? When You Need a Reality Check: Sometimes, Non-Binding Arbitration [...]
