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Question
Discuss how arbitrators are selected and compensated for mandatory arbitration proceedings.Answer
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Each state has its own licensing regulations for arbitrators.
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An arbitrator must satisfy the licensing requirements put forth by the American Arbitration Association.
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Most state statutes authorizing voluntary arbitration accept an agreement to arbitrate even if it is oral in form.
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A party involved in arbitration can withdraw from the arbitration process and resort to litigation if the members of that party think the process is not going well.
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To avoid the various expenses of litigation, disputing parties can agree to have a third party decide the merits of their dispute.
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In the context of negotiating styles, collaborating is the hardest to demonstrate even though it is a common response in a negotiation.
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When negotiating, the chances of a negotiated settlement through positional bargaining are high because positional bargaining focuses on the underlying conflicts.
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A dispute arises when one party makes a claim that another party denies.
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What are the four grounds that section 10 of the Federal Arbitration Act provides for vacating an arbitration award?