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The Different Types of Arbitration Awards

By Charles F. Forer
September 02, 2013

This is the third in an ongoing series of articles that will provide franchise attorneys with practical advice about arbitration.

Arbitration can be a quick, efficient and informal means to resolve disputes. Plus, parties can adapt arbitration to their needs. They even can decide the type of arbitration award they want. The only requirement is that an arbitration award must be in writing. See, e.g., Uniform Arbitration Act '8(a) (“The award shall be in writing and signed by the arbitrators joining in the award.”); 42 Pa. Cons. Stat. Ann. '7310 (“The award of the arbitrators shall be in writing and signed by the arbitrators joining in the award.”). Recognizing that old-fashioned “writings” are being used less and less, the revised Uniform Arbitration Act states that: “An arbitrator shall make a record of an award. The record must be signed or otherwise authenticated by any arbitrator who concurs with the award.” (The revised Uniform Arbitration Act has been enacted in almost 20 states.)

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