What is Arbitration?
The arbitrator is a decision-maker; whereas the mediator is not.
Arbitration is generally less formal than a court proceeding, though the parties may present evidence, or call and question witnesses. Unlike a mediator, the arbitrator renders a decision or award once the case is presented. Arbitration can be voluntary or mandatory and can be either binding or non-binding.
Most arbitrations stem from an arbitration clause in a contract, in which the parties have agreed to resolve any disputes through arbitration. Arbitration clauses can be simple – basically stating that claims will be settled according to applicable arbitration rules and then enforced by a local court. However, they can also be more complex, governing a significant number of matters, such as how arbitrators will be selected, the location of the arbitration, who will be responsible for attorney’s fees, and if the final arbitration award must be kept confidential.
Arbitration clauses are found in all types of agreements such as employment and consumer contracts, autos sales, credit cards, home repairs, and insurance. These arbitration clauses require that disputes arising out of contracts and transactions be resolved through arbitration.
As independent arbitrators, Mediators and Arbitrators of America can help you minimize costs and expedite the arbitration process. Mediators of Texas follows applicable American Arbitration Association (“AAA”) arbitration rules and procedures.
How much does it Cost to Become an Arbitrator in Texas?
We offer Arbitration training that meets The State of Texas requirements for $800. (Discounted rates for veterans, teachers, first-responders)
Interested in becoming an Arbitrator?
Our Arbitration Courses and Advanced Arbitration Courses will give you the tools you need to successfully become a professional Arbitrator.
See all upcoming classes here