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AAA Arbitration Toolkit
Practical Law Toolkit w-000-7413 (Approx. 10 pages)
AAA Arbitration Toolkit
by Practical Law Arbitration
| Maintained • USA (National/Federal) |
Resources to help counsel prepare for and conduct arbitration under the various rules of the American Arbitration Association (AAA) and draft arbitration agreements that incorporate these rules.
In the US, arbitration is often viewed as a more efficient and cost-effective alternative to litigation. Commercial arbitration generally:
- Gives the parties greater finality to their disputes.
- Limits (or even eliminates) expensive pre-hearing discovery.
- Achieves a resolution more quickly.
- Offers more procedural flexibility than does litigation.
The American Arbitration Association (AAA) offers arbitration rules and services for many types of disputes. This AAA Arbitration Toolkit offers a selection of resources designed to give attorneys a basic understanding of several important aspects of arbitrating commercial disputes under the various AAA rules, including how to:
- Draft a proper arbitration agreement calling for arbitration under the AAA Commercial Rules.
- Conduct an arbitration under various AAA rules.
- Appoint an arbitrator.
- Request modification of an award issued by a AAA tribunal.