Define Arbitration Agreement

isjhar . 16 September 2021 . 0 comments

In addition, arbitration allows for more creative decisions that civil courts can make. For example, if you sue your former employer for unlawful dismissal, the court can, according to Cole and Blankley, only pay you financial damages. On the other hand, an arbitrator in addition (or instead) could order the company to rehire you. To compare answers to important questions related to arbitration agreements in jurisdictions around the world, please visit our International Comparator Tool. The parties to the dispute may also agree on arbitration proceedings after a dispute has arisen or even after legal action has been filed. The U.S. Supreme Court ruled that the Federal Arbitration Act (FAA) of 1925 established public order in favor of arbitration. .