Not exact matches
A
decision has been
reached by the
arbitrator in the dispute between COMSAT Corporation, now part of Lockheed - Martin Global Telecommunications, and Associated Universities, Inc regarding additional costs on the contract to design and construct the Green Bank Telescope.
For example, a United States court refused enforcement in a case where the parties had agreed that they would each appoint a co-
arbitrator, who would appoint a president if they failed to
reach a
decision, and where one of the
arbitrators had failed to even contact the other before requesting the appointing authority to appoint the third
arbitrator.885
If the couple is unable to
reach an agreement, a judge or
arbitrator will make the
decision based on several factors, including:
The mutually agreed upon independent and neutral
arbitrator starts out as a mediator but in the event the parties can not
reach a
decision through mediation the mediator becomes an
arbitrator and makes a
decision that is binding on the parties.
Arbitration is a private dispute resolution mechanism where parties, who have been unable to
reach a resolution to an issue, agree to appoint an independent and neutral party (an
arbitrator) to make a
decision that is binding on both parties.
The
arbitrator is a third party who reviews the evidence in the case and
reaches a
decision.
A court will not vacate an arbitration award simply because a court of law would have
reached a different
decision than the
arbitrators.