By: Dr. Justin Wood, Th.d, CJME A dispute may be ready for a binding ADR process at any time. In certain business or consumer disputes, the parties may be bound by contract provisions that require the use of a binding ADR process like arbitration. State laws requiring a binding ADR process may also apply to…
By: Dr. Justin Wood, Th.d, CJME Whether an arbitration decision is binding on the parties depends on the terms of their arbitration agreement. Generally, arbitration results are binding arbitration awards unless the parties agree to advisory, or nonbinding, arbitration. If the agreement says “arbitration” without any modifier, then the arbitration decision is likely binding. In…
