Arbitration

Arbitration is a formal process in which the attorneys and their clients present the dispute to one or more trained professionals, usually lawyers, who decide the case without a judge or jury. The decision of an arbitrator or arbitration panel is usually binding and cannot be appealed. Arbitration is frequently faster and less expensive than traditional litigation. Some business contracts require arbitration of disputes. If there is no contractual provision, the parties can voluntarily agree to submit their dispute to arbitration. The attorneys at Gaslowitz Frankel LLC have handled numerous arbitrations, as arbitrators and as advocates.

Legal News & Firm Updates

Arbitration clauses merit careful consideration

Posted: August 24th, 2007 by Gaslowitz Frankel LLC

Law.com has a really good article out today why considering the costs and dangers of arbitration is so important.Before inserting or agreeing to a boilerplate arbitration clause, companies should consider the complexity of the litigation that generally arises from their contractual disputes, the number of contracts they are parties to, the number of states in which they transact business and the effect of standard fee-shifting provisions in the types of disputes faced. In the wrong contract, an arbitration clause can prolong and unnecessarily increase the length and cost of resolving a dispute.

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