Arbitration

Arbitration is essentially the settlement of a dispute between two or more parties by the decision of one or more arbitrators.

Many contracts include arbitration clauses; most notably they can be found in contracts for insurance, travel, building and machinery purchase agreements.

Arbitration is generally accepted as being more economic to both parties in attempts to resolve disputes, however, the Arbitration Acts allow for the parties to engage advisors in an attempt to 'promote' their own case.

J. G. Munro & Associates have been actively involved as arbitrators when disputes arise between parties in relation to machinery failures or equipment not complying with the purpose with which it was engaged, e.g.: -

* Agricultural Equipment
* Industrial Equipment
* Marine (industrial & recreational) Equipment

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© 2005 John G. Munro & Associates