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When was the National Arbitration Forum incorporated?

Updated: 8/17/2019
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The National Arbitration Forum was founded in 1986.

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When was National Arbitration Forum created?

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An arbitration firm is made up of lawyers and retired judges who act as neutrals for purposes of deciding a case in the alternative dispute resolution forum. Arbitration can be either binding or non-binding and is usually a contract term. Most often seen in contracts for medical services.


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From the National Arbitration Forum:Arbitration decisions can be contested in court. Grounds exist under the Federal Arbitration Act and applicable state acts to challenge arbitration decisions. While the terms of some arbitration agreements call for the appointment of a specialized appellate arbitration panel to review contested decisions (such as in the FORUM's New Jersey No-Fault program), even these "second level" arbitration decisions can be reviewed by a court if necessary.A binding arbitration decision becomes legally enforceable when it is confirmed by a court. If a party believes that either the arbitration agreement itself is unfair (or unconscionable) or the manner in which the arbitration agreement is presented or administered is unconscionable, the arbitration decision may be challenged in court at the confirmation/vacatur hearing. A court will strike any portion of an arbitration agreement it finds unconscionable, and may even void (or vacate) the arbitration decision altogether and release the parties from the agreement.Binding arbitration maintains its efficiency and cost benefit by limiting the grounds upon which a party can challenge decisions. It aspires to provide closure to all parties involved in the dispute. Parties must comply with the arbitrator's decision unless they initiate a court challenge, claiming that the agreement, or the presentation and/or administration of the agreement, is unconscionable.


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