Understanding Arbitration: An Alternative to Trial

Arbitration is a form of alternative dispute resolution, serving as an alternative to trial. Parties may enter arbitration either mandatorily by statute or voluntarily through agreements. Instead of litigating, they submit disputes to an arbitrator who makes a decision, resolving the issue and issuing an arbitration award.

Describe the role of an arbitrator in the arbitration process.

What is an arbitration award and what significance does it hold?