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Did You Know?
Arbitration can lead to a non-binding agreement.
In non-binding arbitration, parties or their representatives present a dispute to an impartial or neutral individual for issuance of an advisory or non-binding decision (i.e., the parties do not have to accept the opinion). Under the process, the parties have input into the selection process, which gives them the ability to choose an individual or panel with some expertise and knowledge of the disputed issues.
Newsroom
News about Arbitration cases in Colorado and nationwide:
Definition:
Demands for Arbitration are unilateral filings of claims in arbitration, based on a contractual or statutory right; also, the form used.
Filing
Definition:
Delivery to the Director of Arbitration of the statement of claim or other pleadings, to be kept on file as a matter of record and reference
Pleadings
Definition:
The claim, answer, counterclaim, and/or third-party claim and/or cross-claim filed in an arbitration are the pleadings.
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