Where parties have a disagreement over an issue, for example, a definition of current market rent, their contract (lease) may include a clause that refers to disputes being resolved through the arbitration process.
The arbitration process allows parties to confidentially create their own agreed mechanism that calls for an examination of evidence in support of their position in the dispute. This may be presented to a sole arbitrator or a panel (typically three) of arbitrators.
Since parties build a mechanism, they have control over the timing and costs relating to the process.
John E Farmer holds a designation as ‘Q.Arb’ – qualified arbitrator, through Alternative Dispute Resolution Institute of Alberta (ADRIA)
“This designation indicates a recognized standard of training and experience to practice competently and ethically in cases of low to moderate complexity. A Q.Arb recognizes members who have completed at least 40 hours of training in Arbitration and been assessed. A Q.Arb demonstrates an ongoing commitment to professional development, follows ADRIC’s Code of Ethics, and must carry professional liability insurance.”
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