What to keep in mind
Define the precise question, records, methodology, expert selection, timetable and the legal effect of the determination.
An unclear mandate may turn a technical appraisal into another dispute.
Distinctions often confused
Expert determination is different from arbitration, even when both use independent professionals.
Frequently asked questions
Can an accountant determine a purchase-price adjustment?
Yes, if the parties validly specify the calculation and expert role.
Does the expert decide every related contract dispute?
Not unless the agreed mandate and applicable legal rules expressly permit it.
Informational content. It is not a substitute for professional advice.