What is Arbitration and Liquidated Claims?
"Arbitration is a well-established, alternative method for the resolution of disputes outside of courts, wherein the parties to a dispute refer it to one or more persons, by whose decision they agree to be bound. Typically, these disputes involve liquidated claims."
"A liquidated claim is a claim made for a specific amount or a claim which can be precisely determined for example by referring to the agreement between the parties, an invoice for goods sold and delivered or services rendered."
Quick Facts
Our approach to arbitration is unique and we take it one step further with what we offer. Here's how:
Legal
Arbitration offers a legal alternative to resolving disputes in a court. This is done by a qualified expert who has the authority to make such rulings.
Quick
With arbitration, disputes usually get resolved within 30 calendar days - much shorter than normal court rulings.
Affordable
Arbitration, in the way we do it, costs a fraction of what normal legal fees during a typical dispute resolution process add up to.
Enforceable
A ruling by an arbitrator is binding and carries the same weight as a court ruling. Courts support arbitration and enforce the agreement to arbitrate.
Impartial
Arbitrators, who is completely impartial, give both parties a fair chance to submit a statement and supporting documentation.
Consensus
Parties involved upfront agree to the arbitration process - this takes place during the contract negotiations phase.