Arbitration & Litigation
Friday, January, 21, 2011
Arbitration litigation is a term that isn't all too common, because the two words are somewhat contradictory to each other and here's why: Litigation essentially means that something is done in the public, or in a court room, while we know that arbitration is private. If you put both words together, you come up with arbitration litigation, which means that this process, or type of agreement, can be conducted in public and then held privately in the future.
It's not every day that you see this sort of occurrence, so don't get too caught up on the term, but at least now you'll know what it means the next time that you hear some mention it. It's also good to know that the process is associated with a few unique features, such as the appeal process, evidence, and a few other things that arbitration alone usually won't allow. This is what makes the concept such a unique entity -- in the sense that one term will allow something that the other term prohibits, but they are in unison as one term. Either way, you should have a better understanding of the process now and how it works. Don't expect to hear it come up much in the future, but if you do, you'll not feel lost.
The above sums up arbitration litigation, for the most part, but if you have any further questions, we can help you find the right arbitration lawyer near you!