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Unformatted text preview: - confidential, Uniform Meditation Act- allows parties to maintain a working relationship- keeps disputes out of the courtroom Arbitration- all of the above with the exception that the arbitrator are retired judges, lawyers etc as well as current workers of the judicial system- more formal then a meditation- arbitration hearing is similar to a trial- introduce witnesses/documents BUT no official record is kept of the trial- arbitrators decision is legally binding and can be appealed and is called an award- people concerned about the privacy associated with it- arbitration can be secured- binding arbitration clause: contract mandates all disputes must be settled by arbitration- submission agreement: contract with all details of the arbitration...
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This note was uploaded on 02/24/2011 for the course AEM 3210 taught by Professor Grossman,da during the Fall '07 term at Cornell.
- Fall '07