Online Arbitration Definition and its Distinctive Features

Online arbitration is different from traditional arbitration not only because the process may be held online, but also because the core elements of its definition may be different. The differences may change online arbitration definition, however, they do not, hamper the validity of online arbitration. Online arbitration can be defined and used in a very flexible approach because of its core advantages such as speed, accessibility and cost-effectiveness. In an attempt to provide a precise and inclusive definition of online arbitration, in this article different elements of traditional arbitration definition have been considered. Mutual consent to arbitration, due process and binding decision are some of the elements that may not exist in online arbitration or may be formed in a different manner.