Which types of disputes lend themselves to arbitration?
- Dispute resolution using arbitration is built into a contractual agreement.
- The disputing parties can agree to submit to binding arbitration as a way to settle the conflict.
- The court can refer parties to an arbitrator, based on agreement of the parties.
There are several broad categories of disputes or conflicts that are suitable for arbitration.
Business Disputes
More and more, dispute resolution clauses are being written into contracts of all kinds. Increasingly, these contract clauses require that disputes be settled by binding arbitration. This allows the parties of the contract to select a subject matter or technical experts as the arbitrator
Construction disputes are particularly amenable to arbitration, given their technical nature and specialized vocabulary.
Insurance Disputes
Arbitration has been used for some time to resolve insurance related disputes.
Real Estate Disputes
Types of real estate disputes typically submitted to arbitration include home purchase and sales agreements; listing agreements; leases; real estate partnerships and joint ventures and real estate valuation.
Family / Probate
Family issues involving divorces, legal separation, custody and parenting conflicts as well as grandparent visitation, disputes involving estate planning and/or distribution and conflicts about elder care for a loved one are best settled using mediation. However, there are times when a single issue threatens to derail the mediation process. When the parties in mediation hit an impasse or are unable to resolve a particular family or probate issue, arbitration can be used resolve the impasse on that single issue so that mediation can continue.
The professionals at IDR will assist you in determining if Arbitration is best for resolving your current conflict in your business and/or family situation. The IDR staff has trained arbitrators with a broad range of knowledge and experience, allowing you to select a neutral that best matches the facts of the case, resulting in a more equitable resolution at less cost.
Contact IDR today and make us part of your dispute resolution team of trained professionals.