If you're looking for a financial award or have a contractual dispute, it's best to contact an attorney to take civil action. The Board has limited jurisdiction, but Complaint Procedures, Complaints Report, and Board Review Process are all available to help you understand the process. Litigation may seem like a fast and easy way to settle your dispute, but it can take months or even years to complete. It's important to understand what you're getting into if you decide to move forward with the litigation. Alternative Dispute Resolution (ADR) methods are an alternative to litigation.
The two main methods are arbitration and mediation, which are less expensive, less bureaucratic, and less stressful than preparing for a trial. The parties involved also have more control of the process compared to going to court. Arbitration is the process by which parties resolve their disputes through a private proceeding and not in court. An arbitrator, who is usually an experienced lawyer or a retired judge with specific experience in the subject matter of the dispute, presides over the case and issues a judgment. Unlike mediation, arbitration is a binding process and the arbitrator's findings are often confirmed and, in rare cases, overturned.
Some litigants prefer arbitration and others disfavor it. Todd Panther of Entrekin & White is an experienced construction referee who is on the panel of construction arbitrators of the American Arbitration Association. It's common to find arbitration clauses included in real estate contracts, construction contracts, employment contracts, and any contract with a company or individual that prefers to resolve a potential dispute through arbitration rather than the court system. If you're considering arbitration as an option for resolving your dispute with a construction company in Nashville, Tennessee, it's important to understand how it works. An arbitrator will hear both sides of the case and make a decision based on the evidence presented.
The decision is binding and cannot be appealed. The process is usually faster than litigation and can be less expensive as well. It's important to note that arbitration does not always result in a favorable outcome for either party. It's also important to consider the cost of arbitration when deciding whether or not it's right for you. Arbitration can be expensive depending on the complexity of the case and the amount of time required for the proceedings.
Additionally, there may be additional costs associated with hiring an attorney or other professionals to represent you during the arbitration process. When deciding whether or not arbitration is right for you, it's important to weigh all of your options carefully. Consider all of the pros and cons before making your decision. If you decide that arbitration is right for you, make sure that you hire an experienced attorney who can help guide you through the process.