What is the maps arbitration advantage?
What is arbitration?
Upon consideration of the evidence, the arbitrator(s) renders a decision. Any
award by the arbitrator(s) may be enforced by court order.
award by the arbitrator(s) may be enforced by court order.
How does the arbitration process work?
When parties decide to use MAPS for their arbitration, they can use MAPS
Rules and Procedures or any other body of rules upon what they agree or which
are mandated by their control. Which ever rules are decided upon, it is MAPS’
goal to provide a process designed to provide the parties with a fair, expeditious,
and cost effective approach to resolving their disputes. The process is much
quicker than the judicial process because the parties and/or arbitrator can limit
the number of witnesses, exhibits, and set parameters on the amount and type of
evidence to be considered by the arbitrator.
Rules and Procedures or any other body of rules upon what they agree or which
are mandated by their control. Which ever rules are decided upon, it is MAPS’
goal to provide a process designed to provide the parties with a fair, expeditious,
and cost effective approach to resolving their disputes. The process is much
quicker than the judicial process because the parties and/or arbitrator can limit
the number of witnesses, exhibits, and set parameters on the amount and type of
evidence to be considered by the arbitrator.
As true neutrals, we do not base our fees on a valuation of the case. Instead,
MAPS provides the service of arbitration for administration fees and an hourly
arbitrator(s) fee.
MAPS provides the service of arbitration for administration fees and an hourly
arbitrator(s) fee.
What is high-low arbitration?
High-low arbitration allows the parties to mutually establish, prior to the hearing,
a range for the arbitrator’s award. If the award is above the pre-set maximum, it
automatically moves down to the previously agreed upon high figure. Conversely,
if the arbitrator’s decision is the below the established minimum, the award moves
up to the pre-determined low figure. The arbitrator will not be aware of the high
and low figures that the parties have agreed upon.
if the arbitrator’s decision is the below the established minimum, the award moves
up to the pre-
Is arbitration final?
Although laws vary from state to state, arbitration awards are final and binding
on all parties to the arbitration. Please refer to the laws of your state to determine
the effect of arbitration and arbitration awards.
on all parties to the arbitration. Please refer to the laws of your state to determine
the effect of arbitration and arbitration awards.
Copyright © 2009 Mediation Arbitration Professional Systems, Inc.
ARBITRATION
Copyright © 2010 Mediation Arbitration Professional Systems, Inc.
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