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Once a binding arbitration decision is issued, the FORUM's role in the dispute resolution process is complete. The arbitration decision constitutes the binding resolution of the dispute between the parties, except in the rare event that either 1.) there is a clerical or administrative mistake in the decision, in which case the FORUM will correct it at the request of any party, or 2.) if certain exceptional circumstances exist, parties may request that the arbitrator reconsider the decision.
The FORUM has no influence or control over the course of action taken by the parties following the decision. Parties may seek to convert the decision into an enforceable legal judgment by “confirming” it in court. Parties may also seek to “vacate” the decision in court under the limited legal grounds provided in the Federal Arbitration Act or applicable state law.
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