What Do I Get at the End of Arbitration?
At the end of arbitration, you get an award, which is sort of like the verdict or judgment you get at the end of a trial. The important difference is that an award isn’t immediately enforceable by itself the way a court judgment is. An award is basically a new contract that says who gets what. To enforce the award or contract, you have to go to court and file an “action to confirm the award.” This is very similar to suing someone for not living up to a contract and adds more expense to the process if the other party doesn’t live up to the award voluntarily.
If you win at arbitration, make sure ...