Unlike Mediation, Arbitration is binding, and the parties agree in advance to be bound by the arbitrator's ruling. Arbitration is a form of alternative dispute resolution (ADR). It is a cost-effective and expedient way to resolve disputes without involving courts. The informality of arbitrational proceedings also makes reaching mutual satisfaction possible without the need for attorneys. The dispute will be decided by arbitrators or arbitral tribunals, which render the arbitration award. An arbitration award is legally binding on both sides and enforceable in the courts. Arbitration is often used to resolve commercial disputes, particularly in international commercial transactions. In international matters, Arbitration helps to avoid issues such as jurisdiction and choice of law. Arbitration is a skill that all entrepreneurs should be familiar with. Arbitration does not require formal proceedings and does not require the litigants to have a formal legal education. Quite often, the subject matter of some issues is so technical that the professionals themselves are better equipped to litigate them than attorneys. This course will help you develop the self-confidence needed to represent your own or your company's best interests. By understanding how Arbitration works, one is also better prepared to prevent matters from going to Arbitration.

The following textbooks are available online at Barnes and Noble and can be found, along with other publications, under my name, Shane Irvine:

The Executive Juris Doctor

Law School 101: Surviving Your First Year

Your Constitutional Rights