Arbitration is a process that is often used to handle disputes between two or more parties. It can be used in a wide variety of situations, including contract disputes, employment issues, and yes, even divorces. When it comes to divorce, arbitration can be a great way to avoid the time and expense of going to court.
What is arbitration?
Arbitration is a process in which two or more parties submit their dispute to an impartial third party for resolution. This third party, known as an arbitrator, will hear both sides of the argument and then make a binding decision.
Mediation, on the other hand, is a similar process, but the mediator does not make a binding decision in the divorce. Instead, they help the parties come to an agreement on their own.
The benefits of arbitration
One of the main benefits of arbitration is that it can be cheaper and faster than going to court. Court cases can drag on for months or even years, but arbitration can usually be wrapped up in a matter of weeks.
Another benefit of arbitration is that it can be more private than going to court. Court proceedings are open to the public, which means that all of the details of your divorce will become a matter of public record.
How to prepare yourself for arbitration
First, it’s important that you understand the process and what to expect. It helps to present your case in a clear and concise way, so take some time to practice what you’re going to say.
It’s also a good idea to gather any evidence that you think will be helpful in making your case. This could include financial records, emails, text messages, or anything else that you think will help the arbitrator understand your situation.
Going through a divorce can be a difficult and emotional process, but arbitration can be a great way to make it easier.