Non-binding or advisory arbitration

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Arbitration
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What is ‘non-binding’ or ‘advisory’ arbitration?

It is a process that resembles arbitration in that the parties agree to submit a dispute to an arbitrator, but agree that the Award is merely advisory. The parties need not follow it and each party is free to pursue an independent action, such as a lawsuit in a court of law. It is different from mediation.

Related Information
» General Questions	» Arbitrator
» Agreement	» Appeals to a court
» Auto insurer disputes	» Binding
» Business insurer disputes	» Construction Contracts
» Employment contracts	» Enforcement
» Environmental damages	» Health insurance claims
» Lawsuits	» Pre-printed contract agreements
» Process	» Securities industry

Topics Related To Arbitration
» Litigation	» Appeals	» Arbitration
» Civil Law Suits	» Class Actions	» Mediation

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