Affidavit Submission in Arbitration

Affidavit Submission in Arbitration

An affidavit submission in arbitration refers to the process of providing a sworn written statement, known as an affidavit, as part of the evidence presented during arbitration proceedings. Arbitration is a method of resolving disputes outside of the court system, where an arbitrator or a panel of arbitrators reviews the evidence and makes a binding decision.

In this context, an affidavit is a formal declaration of facts that the affiant (the person making the affidavit) affirms to be true under penalty of perjury. Affidavits are often used in arbitration to support claims, defenses, or factual assertions made by the parties involved.

For example, in a commercial dispute, a party may submit an affidavit from a witness who can attest to events relevant to the case, such as the execution of a contract or a breach of terms. The affidavit serves to provide the arbitrator with additional context and evidence that may influence the outcome of the arbitration.

It is important to note that while affidavits can be powerful tools in arbitration, they must adhere to specific legal standards and be relevant to the case at hand. The opposing party may have the opportunity to challenge the validity or credibility of the affidavit during the arbitration process.