| With the exponential increase in internet trading and the globalization of commerce, there is an increased need for Alternative Dispute Resolution mechanisms to deal with dispute when it is impractical or impossible for the parties to meet in person. Online arbitration involves the arbitrator rendering a decision based on the documents submitted by the parties. Online arbitration should have the following significant attributes. Impartial decision-maker. The decision-maker should be able to assure parties that: (1) the decision-maker is neutral and unbiased with respect to the parties and the dispute and (2) the decision will be rendered on the evidence presented by the parties. Experienced decision-maker. The decision-maker should have the requisite knowledge and background to understand the dispute and craft a reasoned decision. Swift and Complete Resolution. With no court docket or court rules to slow down the process, the Arbitrator should be able to implement an expedited schedule, in some cases being able to offer a decision on all issues presented within days after an Agreement to Arbitrate is executed. Cost-Efficient. By eliminating traveling expenses, stream-lining discovery and minimal loss of productivity, on-line arbitration is extremely cost-efficient, in terms of both time and money, in comparison to other processes involving 3rd party decision-makers. Uncomplicated. Online arbitration is straight-forward and streamlined, two features that busy executives will appreciate. Versatility. The structure of the on-line arbitration process makes it suitable for almost any type of dispute, including commercial, real estate, family, estate, commerce and trade. By removing the geographic barriers to dispute resolution, on-line arbitration actually encourages trade and commerce between parties no matter where they are located. All that is needed is access to the internet and email. If interested in structuring an on-line arbitration for your dispute, please contact us for a free initial consultation at jlazrus@raegroup.com. |
THE RAE GROUP
An organization dedicated to the
resolution of disputes in an
impartial, expeditious and cost
effective manner, designed to
preserve existing relationships.
resolution of disputes in an
impartial, expeditious and cost
effective manner, designed to
preserve existing relationships.
ON-LINE ARBITRATION
ADR makes conflict
resolution less
adversarial and more
collaborative.
resolution less
adversarial and more
collaborative.
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