Expert Determination is a private process in which a dispute is submitted by agreement of the parties to an independent technical expert who makes a binding decision on the matter. The expert has the power to ask questions of the parties before rendering his or her decision. The decision is binding unless the parties agreed otherwise at the outset. Expert determination is a great tool for resolving disputes of a technical nature where the issue at hand is one of fact rather than law.
Expert Determination is a private process in which a dispute is submitted by agreement of the parties to an independent technical expert who makes a binding decision on the matter. The expert has the power to ask questions of the parties before rendering his or her decision. The decision is binding unless the parties agreed otherwise at the outset. Expert determination is a great tool for resolving disputes of a technical nature where the issue at hand is one of fact rather than law.
SOME FEATURES OF EXPERT
DETERMINATION INCLUDE
SOME FEATURES OF EXPERT DETERMINATION INCLUDE
- Expert Determination is agreed to by the Parties
- The Expert is chosen by the Parties. The Expert has relevant technical expertise
- Flexible, Neutral and Confidential Process
- Binding process, unless otherwise agreed by the parties
- Quick and Cost-Effective Process