Mark Sidoti - What is Arbitration?

Arbitration is a common dispute resolution aided by legal professionals such as attorney Mark Sidoti. Arbitration is the determination of a dispute that is privately handled by a neutral third party. The hearings can involve the use of one or more arbitrators.

 
During these hearings, opposing parties relinquish a court’s deciding power, relying instead upon the arbitrators to determine how to best handle their dispute. Though arbitration is an alternative to litigation (court action), it typically is as legally binding.
Arbitration is handled as follows:

• Federal and state courts are not involved.
• Opposing parties should agree on how the dispute or disputes are resolved, excluding necessary safeguards for public interest.
• The goal of arbitration is fair resolution of the dispute or disputes by a neutral third party without unnecessary delay, expense or court intervention.
• Arbitrators are appointed directly by disputing the disputing parties, by the courts or by and arbitral organization that is selected by the disputing parties.
• Parties may hire attorneys like Mark Sidoti to aid them in the arbitration process.

State and federal law allow for provisions in civil practice regulations pertaining to arbitration. These provide procedure templates for basic arbitration, confirmation of the decision of the arbitrator (the arbitrators' award) and rules that give the arbitration effect of judgment. Some US states have individual arbitration laws to govern these procedures, but most states adhere to the Federal Arbitration Act to provide procedure templates. The three basic classifications of arbitration include labor arbitration, consumer arbitration, and the most common, commercial arbitration.

Mark Sidoti is most experienced with commercial arbitration and he has applied his e-discovery knowledge to business and commercial arbitration matters.
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