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Arbitration is one of the preferred modes of dispute resolution today. It is due to the fact that it is less time consuming as compared to approaching the courts for relief. The courts take a long time in resolution of disputes and many a times even after a significant amount of money is spent the ultimate decision of the court might not favor both parties equally. But in arbitration this is not the case. Both the parties get a fair chance to present their stand.
There is a general rise in the number of disputes today. More and more cases are being filed in courts, but not many are getting resolved as they get stuck in the whole litigation process. Time is of crucial importance in today's world and time cannot be lost in doing rounds of the court houses. If one opts for arbitration to settle his disputes then he would be saving a lot of his crucial time. The courts take a long time in resolution of disputes and many a times even after spending a significant amount of money the ultimate decision of the court might not favor both parties equally. But in arbitration this is not the case. Both the parties get a fair chance to present their stand. All this makes arbitration a very lucrative mode of dispute resolution.
In this the parties to dispute refer the matters of dispute to one or more persons (arbitrator or arbitrators) who after considering the issues at hand give a decision which is known as award. Arbitration is many times a preferred mode of dispute redressal as it is less time consuming, more economical, and if the dispute requires an arbitrator with expertise knowledge in any specific area of law then such a learned person can be appointed as the arbitrator. There are some areas with regard to which the parties are not at liberty to arbitrate. Arbitration gives both parties to dispute an equal chance to present their stand and to arrive at a solution which will not be burdensome on one party and would be beneficial for both. Arbitration helps in amicable resolution of disputes and is now a preferred mode of dispute resolution.
We assure to provide effective arbitration services to our clientele. We assist our clients in resolving all type of disputes. We have a highly trained team of experienced lawyers to further ensure that the cases are handled as per your specific needs. Our arbitration services include drafting arbitration agreement, legal advice, research and much more.