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Texas Civil Practice and Remedies Code

§ 154.027 — ARBITRATION

CP § 154.027Title 7. ALTERNATE METHODS OF DISPUTE RESOLUTION · Ch. 154. ALTERNATIVE DISPUTE RESOLUTION PROCEDURES · Art. B. ALTERNATIVE DISPUTE RESOLUTION PROCEDURES

Statute text

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(a)Nonbinding arbitration is a forum in which each party and counsel for the party present the position of the party before an impartial third party, who renders a specific award.
(b)If the parties stipulate in advance, the award is binding and is enforceable in the same manner as any contract obligation. If the parties do not stipulate in advance that the award is binding, the award is not binding and serves only as a basis for the parties' further settlement negotiations.

Legislative history

Added by Acts 1987, 70th Leg., ch. 1121, Sec. 1, eff. June 20, 1987.

Source: Texas Civil Practice and Remedies Code § 154.027 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.