California Code of Civil Procedure 1297.302 – If, during arbitral proceedings, the parties settle the dispute, the …
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If, during arbitral proceedings, the parties settle the dispute, the arbitral tribunal shall terminate the proceedings and, if requested by the parties and not objected to by the arbitral tribunal, record the settlement in the form of an arbitral award on agreed terms.
(Added by Stats. 1988, Ch. 23, Sec. 1. Effective March 7, 1988.)
Terms Used In California Code of Civil Procedure 1297.302
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.