Section 5.2 Definition and Description of Arbitration

• Library: Family Law Deskbook and 2014 Supp

B. (§5.2) Definition and Description of Arbitration

Arbitration is a means of resolving a dispute using a third party who hears the arguments of both sides and then renders a decision. The arbitrator can be one individual or a panel and can operate under any set of rules agreed on by the parties. In most forms of arbitration, the decision of the arbitrator is binding on the parties because nonbinding arbitration would likely have the effect of simply providing an advisory opinion. Arbitrators are generally...