Only Solutions offers expertise in private arbitration that provides our clients with fast, cost-efficient and legally-binding resolutions to their disputes. As an out-of-court process, arbitration is typically favorable for parties involved in a pending lawsuit or threatened litigation who wish to bypass both the costly expenses and inherent delays in the litigation process which can take years. Private arbitration is also appealing for those who wish to resolve their dispute in private while avoiding the public proceedings of litigation.
Our goal is to provide arbitration awards to our clients as quickly and cost-effectively as possible while ensuring that all parties are treated fairly and equitably. Arbitration awards are powerful. They are enforceable in court with the same power as judgements made during a public trial. Arbitration awards also have limited appeal processes making an arbitrator's decision final, whereas, judgements made during a public trial are more easily appealable by either party.
What exactly is arbitration? Arbitration is a form of alternative dispute resolution that involves a private judge which whom the parties of a dispute both agree upon. This differs from the litigation process that involves a trial judge which whom the parties have no say in. Arbitration follows similar processes as litigation as it involves discovery as well as a hearing. For more information, click the link below to redirect you to our frequently asked questions page or call our office number at (412)-471-1266.
Arbitration is almost always a less expensive alternative to litigation. Through arbitration, disputes are resolved much more quickly than court proceedings, which reduces costs in both the preparation for the arbitration and attorney’s fees.
Arbitration is an abbreviated, efficient means of resolving disputes. It may take several years to procure a court trial date, while an arbitration date can usually be obtained within a matter of months.
The outcome of arbitration contractually has the force of a mandatory, binding determination. This approach leaves limited opportunities to appeal which gives finality to an arbitration award that is not typically available with a trial decision which can more easily be appealed.
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