Binding arbitration indicates that all parties involved consent to comply with the arbitrator’s decision. In simple words, this decision leads to lawful binding on all parties. The parties must agree to this before they file the application with Valdini Mediation, and the process is started by one part making a claim that the other party/parties owed them money. A reaction is submitted by the accused party, which states the reason why they don’t owe any money to the applicant.
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In certain cases, a counterclaim is sent and in that scenario, a claim could be sent by the respondent to the applicant stating that they are actually owed money from the applicant. Throughout the process of arbitration mediation, any kind of proof or documents supporting the claim or position of either party may be sent along wit the application and response. The arbitrator decides over the case, or a telephone hearing may be allowed if it is permitted by the rules. Once the hearing is finished, the arbitrator will take a judgment, and this final ruling and legally binding is calculated on the basis of any evidence or proof, and on any application and response.