what is the difference between an arbitrator and an independent expert?
448891
The arbitrator has complete freedom to decide how the fees and costs are to be apportioned between the parties. However, in the case of the independent expert, fees are usually apportioned equally, unless the lease dictates otherwise.
652342
The principle difference between a banker and a broker is that the banker is an administrator and the broker is a salesperson. Although personal bankers interact with the public, they are not usually salespeople.
1158532
Freelancers are often referred to as "Independent contractors or Consultants" . Consultant: A consultant is generally an experienced expert who will impart their knowledge for a fixed fee (hourly or day rate).
81787
Originally Answered: What is the difference between an "expert" and a "specialist"? An expert has extraordinary knowledge in a given field. A specialist devotes his work or practice to a particular aspect of a field. An expert may be called upon to solve a problem that others have had trouble understanding.
1345114
An arbitration proceeding is a private process. In addition, AAA staff and AAA neutrals have an ethical obligation to keep information confidential. ... The parties always have a right to disclose details of the proceeding, unless they have a separate confidentiality agreement.
1327646
As adjectives the difference between expert and competent is that expert is extraordinarily capable or knowledgeable while competent is having sufficient skill, knowledge, ability, or qualifications.
620657
Arbitration is a method of alternative dispute resolution (ADR). It is used to develop mutually agreeable settlements between opposing parties rather than filing a lawsuit and taking the case to court. However, both parties must agree to arbitrate rather than going to trial.
773393
Merchant wholesalers buy from manufacturers and sell to other businesses. Agents and brokers are essentially independents who provide buying and selling services. They receive commissions according to their sales and don't take title (ownership) of the merchandise.
1348544
As nouns the difference between expert and expertise is that expert is a person with extensive knowledge or ability in a given subject while expertise is great skill or knowledge in a particular field or hobby.
1035086
The guarantor becomes liable for the loan if the primary borrower can't repay it. The difference between a co-signer and guarantor is that a “co-signer signs the debt obligation and is contractually liable without the bank needing to take any specific action to request payment from the co-signer, ” says Aldad.
839506
The main difference between arbitration and mediation is that in arbitration the arbitrator hears evidence and makes a decision. ... In mediation, the process is a negotiation with the assistance of a neutral third party. The parties do not reach a resolution unless all sides agree.
813843
Essentially, the difference is one of product ownership. While a commission/sales/trade agent sells product on your behalf that you continue to own and invoice the ultimate customer for, distributors take ownership of the product and sell on to their own customers.
1113108
A structural engineer can provide an unbiased view, in the form of an independent report and advice on your options. An experienced Chartered Building Surveyor can also act as an Expert Witness.
932369
Unlike a fact witness, an expert is entitled to compensation for participation in the case. A key distinction between a fact witness and an expert witness is that an expert witness may provide an opinion. Fact witnesses must limit their testimony to facts in regard to evidence they may have observed or been involved.
179930
In binding forms of dispute resolution, the parties submit their dispute to a third party decision maker (e.g. a judge or arbitrator) to make a decision which will be binding upon them (subject to any agreed appeal process).
353373
Arbitration is like the court process as parties still provide testimony and give evidence similar to a trial but it is usually less formal. In mediation, the process is a negotiation with the assistance of a neutral third party. The parties do not reach a resolution unless all sides agree.
1162767
An expert is generally regarded as one who has specialized knowledge of a domain or discipline. ... Recognized expertise often takes years of applied effort to achieve. A consultant is one who uses knowledge, ability or a process to resolve a problem, suggest a course of action or create new knowledge.