What is Arbitration?

What is Arbitration?

Arbitration is the process that is sometimes used to settle disputes, without having to wait for a court ruling. Arbitration can be performed by people or companies, or even a person and a company. It is a process that is often used when the two parties are eager to resolve the dispute amicably but are not able to simply come to an agreement through talking to a mediator.

Arbitration is a common tool used in the event of personal injury, since most injured parties do not want the stress of a full court case – but an arbitrator can help to ensure that the injured party gets fair treatment, and both parties save the cost, time and hassle of having to present their evidence in court.

When is Arbitration Used?

It is sometimes used for other civil and corporate disputes, and it can be beneficial because cases that are seen through arbitration don’t usually attract the kind of attention from the media that a full court case would. There is an incentive for the party that the claim is against to work fairly towards a settlement.

Contact an Arbitration Lawyer

If you have suffered an injury or feel that you have been unfairly treated by a company, and want to go to arbitration, then you should seek advice immediately and document everything that has happened. Be careful about engaging in discussions with the party you are claiming against until you have had advice, because they may try to get you to agree to a settlement that is lower than what you would be entitled to. Remember that you do have rights and that the legal system exists in order to protect your interests, especially in situations where your health or safety was put at risk. Use arbitration if needed, to get what you are entitled to.

The Miami Injury Lawyers are skilled in the art of arbitration and negotiation. Contact our office to schedule a free consultation.

Difference Between a Settlement and a Verdict

Settlement Vs. Verdict

Legal cases can end up throwing many terms in your direction.

Two terms that tend to get confused with each other are settlement and verdict. It’s important to realize what the difference is between these two and what they stand for.

Settlement

A settlement is an agreement between the two parties on meeting halfway.

In most cases, one party is going to assume it doesn’t have a strong case and will push for a settlement. This will end the case and ensure there isn’t an official verdict on the matter in court. This is a good way to stop things from going on record.

The settlement is based on what both parties deem to be fair and has to be signed off by both.

If it isn’t signed, the court will move forward with its proceedings and aim for a verdict.

Verdict

Let’s assume a settlement isn’t an option and the court has to carry on.

This is when a verdict is an option and often the only one.

A verdict is a final declaration or decision made by the judge/jury. It is based on the facts in the court of law and what the judge deems to be a fair outcome. This verdict determines what happens to the defendant along with what is said in the official records.

All verdicts are officially recorded and have to be submitted by the court’s officials.

This is the difference between these terms, and it’s important to recognize what each one has to offer. For some, a settlement might be the right way to go while others would prefer to have a final verdict on the matter.

This is dependent on the case, its facts, and how things are trending in the courtroom. Both parties may feel a verdict is the way to go.