Non-Binding Arbitration | Practical Law

Non-Binding Arbitration | Practical Law

Non-Binding Arbitration

Non-Binding Arbitration

Practical Law Glossary Item 7-501-9722 (Approx. 2 pages)

Glossary

Non-Binding Arbitration

A form of arbitration where the arbitrator recommends, but does not impose, a decision regarding the parties' rights and/or obligations. Non-binding arbitration includes the procedures of binding arbitration but without the conclusiveness of a binding decision. This type of arbitration can benefit parties to a simple dispute with perspectives that differ too greatly to engage in mediation, but who want a neutral analysis of their respective viewpoints.