What basic steps are involved in arbitration?
UPDATED: February 20, 2013
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At the arbitration hearing, each of the respective parties is allowed to present his/her evidence concerning the controversy. Opening statements can be presented, but are usually waived since arbitration briefs have been submitted. Witnesses (both percipient -those who saw and heard - as well as experts) are examined and cross-examined. Documents and other evidence are submitted. Closing arguments may be presented.
Once all evidence has been submitted to the arbitrator, the matter is taken under submission. This means that the arbitrator will take some time to consider all of the evidence that has been presented. After carefully review, the arbitrator will make an "arbitrator's award." After the arbitrator's award has been issued, the prevailing party often has the ability to have it issued as an enforceable order of a court of law.