How Arbitration Ensures Fairness in Dispute Resolution
Disputes are an inevitable part of any business or personal relationship. Whether they arise from contracts, property issues, or employment matters, resolving disputes efficiently and fairly is crucial. This is where arbitration for dispute resolution comes into play. Arbitration is an alternative dispute resolution (ADR) method in which an independent third party, known as the arbitrator, makes a binding decision after hearing arguments and reviewing evidence from both sides. It provides a more structured and legally sound way to settle disputes outside the courtroom, ensuring fairness throughout the process. The Role of the Arbitrator in Ensuring Fairness One of the primary reasons arbitration ensures fairness is due to the role of the arbitrator. Unlike judges, who are appointed by the government, arbitrators are typically chosen by the parties involved in the dispute or selected from a pool of professionals with expertise in the subject matter. This means that both sides have the ...