High-Low or Bounded Arbitration
Under this variation, the parties set a range for the award. An award over the high amount is reduced to that amount; an award under the low amount is increased to that amount; and any award within the range is not adjusted. High-low arbitration has been used in third-party insurance claims where liability is admitted, but damages are in issue.
Effective July 1, 2022, all references in Rules, Procedures, Protocols, Model Procedural Orders, Model Clauses and Guidelines to The International Institute for Conflict Prevention and Resolution, Inc. or CPR shall be deemed a reference to CPR Dispute Resolution Services LLC.
The information and resources on this website should not be construed as legal advice or opinion, or as a substitute for the advice of counsel.
The information and resources on this website should not be construed as legal advice or opinion, or as a substitute for the advice of counsel.