Collecting Award

In most cases, collecting your award is easy. If the parties both have pro accounts, Sides will charge the losing party's credit card on file and transfer the funds directly to your account.

If the transfer is unsuccessful for some reason, there are still powerful mechanisms available to collect your award.

The arbitration agreement is a powerful legal document that courts generally uphold. This means that you can take it to a court, and that court will enforce the award. When the court enforces an award, it means that the court will employ a variety of methods to acquire the funds from the other party including attachment of property, garnishment and wage garnishment.

If the other party has insufficient funds to repay you at the time of award via direct transfer, then that party’s score will go down and other potential parties will take notice. This should be a deterrent for parties to make sure they have the funds before they contract. Often, you can work out a repayment place with that party. If not, then you may employ the courts to enforce the balance of your award. If the award is enforced by a court and does not have enough funds, the court will put the other party on a repayment plan.