684.0041 Settlement.—
(1) If, during arbitral proceedings, the parties settle the dispute, the arbitral tribunal shall terminate the proceedings and, if requested by the parties and not objected to by the arbitral tribunal, record the settlement in the form of an arbitral award on agreed terms.
(2) An award on agreed terms shall be made pursuant to s. 684.0042 and shall state that it is an award. Such an award has the same status and effect as any other award on the merits of the case.
History.—s. 42, ch. 2010-60.
Section: Previous 684.0034 684.0035 684.0036 684.0037 684.0038 684.0039 684.004 684.0041 684.0042 684.0043 684.0044 684.0045 684.0046 684.0047 684.0048 NextLast modified: September 23, 2016