ArbItRite® Procedure for Private Disputes
Once the parties execute an ArbItRite® Agreement, which designates whether the decision will be advisory or binding, they are assigned a Coordinator who sets a schedule to guide them through the 3 part process at their chosen pace. The Parties must first pay a comprehensive non-refundable fee; ($1,000 - $15,000 for Private Disputes)
Part 1 - Statement and Reply: Each party uploads a written (10 page) or recorded (5 minute) statement about the dispute - made under oath - that may include attached exhibits. The redacted Exhibits and Statements are exchanged when uploaded, and each party may also submit a Reply (same length).
Part 2 - Submission: Once these redacted materials have been compiled, the Parties will be notified by their Coordinator that the file has been submitted to an ArbItRite® Panel consisting of three Neutrals, two experienced attorneys selected to present the Claimant’s and Respondent’s positions respectively, and a retired judge who serves as umpire to resolve any disputes or ties.
Part 3 - Consideration and Decision. The Panel may make clarifying inquiries to the Parties via the Coordinator, but must perform its review, and complete any legal research so as to render its written decision (including appropriate citations to precedent) within the timeframe set by the Parties, ordinarily 7 business days from Submission.
ArbItRite®Rules
- The Parties’ statement(s) and exhibit(s) must be true, accurate and submitted under oath.
- All redacted documents uploaded for consideration by the Panel must be pre-exchanged with each adversary.
- The Panel will only contact a Party via the Coordinator to obtain clarifying information.
- TheArbItRite® Panel is sworn to apply the law so as to reach a correct and just decision in the time allowed.
- On the Decision Date, the ArbItRite® Panel will issue its written Opinion to all parties. In cases designated as binding, the Panel's Decision will be styled as a Award-In-Arbitration so that it can be enforced as a judgment in Court.
- ArbItRite ’s file will be destroyed 30 days after the date its written Opinion is emailed to the Parties.