Voluntary arbitration vs. mandatory arbitration

Arbitration may be voluntary or mandatory. In voluntary arbitration, the parties agree to binding or non-binding arbitration after the cause arises and all options to solve the matter have been evaluated. If the arbitration is mandatory, it is because the parties signed a contract agreeing to arbitrate in the event that an issue arises or a court orders arbitration. The arbitration may be binding or non-binding.

Was this helpful? /

Can't find what you are looking for?

Contact us here.