Why choose Arbitration?
Arbitration uses an impartial adjudicator to resolve a broad list of disputes, often in a quicker, more economical and flexible process than court proceedings will offer. With a commitment to privacy and confidentiality, arbitration is often used to resolve local and international commercial disputes, as well as long list of private disputes. With arbitration both parties agree to be bound by the adjudicator’s decision; and while arbitration is a process completed outside of the courtroom, the decisions are still enforceable by the courts, effectively preventing either party from reneging or defaulting on the resulting decisions.
How Arbitration works?
Before arbitration starts, the parties involved have the opportunity to agree upon a number of set terms: timeframes, locations, number and types of documents allowed, choice of arbiter and representatives, and other terms as seen fit. Arbitration settlements are final, with limited to no review possible. Although arbitration is less formal and more efficient than courts, it is important to understand that the arbitrator’s decision is binding, equal to the decision of a judge.
Fees and rules of the Arbitrator
An all-inclusive fee of $4,500.00 is charged per disputant.
Both parties agree to share equally the fee of the Arbitrator, and that responsibility shall not be the subject of any order for legal costs that the Arbitrator may award to either party.
The Arbitration process with be completed in a timely manner.
Contact
For more information, or to schedule and appointment, please contact us by phone at 519-209-0251, or email at gmasgras@masgraslaw.ca.