The Different Types Of Arbitration

forms of legal arbitration

Which Arbitration Do You Need?

Arbitration is a method that is commonly used to settle legal disputes. This option is available if both parties agree to it. A written contract usually needs to be signed to state that both parties agree to arbitration. The contract usually includes details regarding when arbitration will be made and which issues it will address. These are the different types of arbitration used to resolve conflicts.

Interest Arbitration

This process consists in having a neutral party listen to both sides and review the facts. The arbitration is based on the facts that were found. The purpose of this type of arbitration is to determine if one of the parties has been wronged.

Grievance Arbitration

This type of arbitration is used when there is a complaint regarding the violation of a contract. A neutral party will review the facts and the contract to determine whether or not the terms of the contract have been violated by one of the parties.

Statutory Disputes Arbitration

The purpose of statutory disputes arbitration is to determine whether a specific case falls under a label such as discrimination. The outcome of this type of arbitration will determine how the case is processed.

Pendulum Arbitration

This is a type of arbitration that is often used in industrial and commercial disputes. A pendulum arbitration presents the arbitrators with two possible options. The neutral party has to determine which position is the most reasonable and choose one of the two options. This process is also known as baseball arbitration.

Night Baseball Arbitration

This type of arbitration is similar to pendulum or baseball arbitration. The only difference is that the arbitrators are presented with the facts without knowing about the identity of the parties on the two sides of the dispute. This process allows the arbitrators to make a neutral decision without being influenced by who the two parties are.

Bracketed Arbitration

This type of arbitration allows the two parties to settle for the minimum amount of reparation determined by the arbitrators. Both parties can agree to a bracketed arbitration in advance for cases that involve a financial reparation.

Legally-Binding Arbitration

This type of arbitration is often agreed upon in advance as a contract clause. The outcome of this type of arbitration replaces a litigation and both parties might have to perform specific actions as a result of the arbitration. The decision can be enforced by a court of law if both parties agree to this term prior to the arbitration.

Nonbinding Arbitration

There are no legal obligations associated with this type of arbitration. Nonbinding arbitration can be a way to settle conflicts without going to court. The purpose of this type of arbitration is to find a resolution to an issue.

These are the main different types of arbitrations. If you are thinking about settling a dispute with this method, you should reach out to the other party and determine what kind of arbitration would be most relevant for the dispute you want to settle.  

When Do You Need To Hire A Lawyer?

when to hire a lawyer

Knowing When You Need an Attorney

It can be hard for people to determine when they need to hire a lawyer. If you aren’t used to working with a lawyer, you may be reluctant to hire one at all.

These guidelines will help you to determine whether or not you need the assistance of a lawyer. Here are a few scenarios in which you might want to hire a lawyer.

When You Want To Know If You Have The Case

You don’t need to know you have a strong case before you go to a lawyer. In fact, you can talk to a lawyer even if you’re not sure you have a case at all.

In most cases, a lawyer will offer free consultations to potential clients. If you call a lawyer and set up a consultation, you’ll be able to talk to them about the specifics of your case. You can decide where you would like to go from there.

When You Are Being Taken To Court

Is someone suing you? Have you been accused of a crime? If you are being taken to court, you are probably going to want to hire someone that can represent you. You won’t want to face these challenges on your own.

People that are facing criminal charges will have the opportunity to use a court appointed attorney. However, these lawyers aren’t always able to do a lot for their clients. You’ll have a much better experience if you work with a lawyer that you have hired.

When You’re Signing An Important Contract

If you have to sign a very important contract, you are going to want to make sure you are comfortable with what you are agreeing to. After all, the contract that you are signing is going to be legally binding.

If you sign a contract, you shouldn’t just read it over on your own. You should have an experienced lawyer look over the contract for you. A lawyer will be able to recognize any and all issues with the contract. They may also be able to draw up a brand new contract for you.

When You Are Dividing Up An Estate

If someone in your family has passed away, and you are dividing up an estate, you should bring in a lawyer to help you through the process. Since the lawyer is an impartial party, they will be able to do a lot to help you.

Hiring a lawyer is the best way to get through this difficult time. Having an attorney can be especially helpful if the deceased party had a lot of assets. They will ensure that those assets are distributed in the fairest possible way.

As you can see, there are plenty of situations in which you might want to hire a lawyer. If you are in one of the situations listed above, you should definitely be talking to an attorney. Meet with a lawyer and find out whether or not they will be able to help you.