Arbitration is a process of resolving disputes between two or more parties outside of the court system. It is a form of alternative dispute resolution that is less formal and more flexible than litigation. In arbitration, an impartial third party known as an arbitrator hears both sides of the dispute and makes a binding decision.

Paralegals play an important role in arbitration. They are responsible for assisting attorneys in preparing for the arbitration hearing. This includes gathering and organizing evidence, preparing witness statements, and conducting legal research. Paralegals may also assist with drafting arbitration agreements, which outline the terms of the arbitration process and the rights and responsibilities of each party.

During the arbitration hearing, paralegals may be responsible for taking notes, managing exhibits, and ensuring that all necessary documents are in order. They may also assist with preparing post-hearing documents such as the arbitration award, which outlines the arbitrator’s decision and the basis for that decision.

Paralegals can help ensure that the arbitration process runs smoothly and efficiently by effectively managing the flow of information and ensuring that all necessary documents are properly prepared and organized. They play a critical role in supporting attorneys and ensuring that their clients’ interests are represented effectively throughout the arbitration process.

Overall, arbitration is an important tool for resolving disputes outside of the court system, and paralegals play a crucial role in supporting attorneys and ensuring that the process is fair, efficient, and effective.