Well-drafted stipulations narrow the issues, shorten the hearing, and focus the record on what the parties genuinely dispute.
After a matter is opened and the appointment is accepted, the parties confer and propose stipulations. Areas of agreement are compiled into a joint stipulation sheet that is confirmed by both sides before the hearing.
Stipulations are the parties' own agreements. The arbitrator does not draft the parties' positions or decide contested facts before hearing; the arbitrator's decision follows the record.