Many lawyers have this weird confusion that one has to be learned in law to be appointed as an arbitrator. But to their surprise, no such law exists. Anyone can become an arbitrator.
Arbitration and Conciliation Act
Everyone has heard that arbitration costs less than litigation, but has anyone discussed how much it actually costs? The major part of the expense is the fees of the arbitrator. In this blog we will discuss the fee which arbitrator’s charge. We will also tell you what remedies which an arbitrator has if you don’t pay his fees.
Someday, a client might ask you where do you find an arbitrator? That would be the day you’d thank us for writing down the answer to this question. Right now, you probably can’t imagine how annoyed or disappointed your client would be if you would not be able to tell him the answer.
Learn about Arbitration Deeds, Submission Agreements and Arbitration incorporated by references. Also, see what types of cases can not be referred to arbitration.
Learn to figure out when should you prefer arbitration over courts while advising your clients or negotiating for agreements.