Legal services in the United States is any thing but cheap. To gain access to the law is easy but getting legal services and claiming your share of the law requires you to spend money. Many a times, cases are settled out of court. This can be done via arbitration. Arbitration is also known as ADR (alternative dispute resolution). A neutral third party mediates the arbitration and may resolve the case.
As arbitrations are not allowed in criminal and family cases they are mostly seen during commercial disputes. Some of the advantages of arbitration are as follows:
- Ideal for technical disputes as we can appoint technical specialists.
- Speedier process when compared to litigation
- More economic
- Non public
- Greater flexibility than in courts
- Can be enforced abroad
Arbitrations can be either binding or non-binding. Online arbitration is useful in situations when the two parties are not available face to face in person. This happens during international disputes. Popular arbitration and mediation service areas include, construction, banking, commercial, environment, franchising, real estate and insurance.
An arbitration award is issued after the arbitration hearing. Managed Outsource Solutions a professionally managed legal outsourcing company offers legal arbitration services to clients in all the 50 states in the USA besides services like legal website development, legal research, and data entry services.