Frequently Asked Questions

What are the advantages of arbitration over relying on the court system?

Arbitration offers several advantages over the traditional court system, making it a preferred method for resolving disputes for many businesses and individuals. One of the key benefits of arbitration is the ability to select an arbitrator with specific expertise, temperament, and other qualifications relevant to the dispute. This ensures a more informed and fair decision-making process. Arbitration also offers a more streamlined and efficient process, with fewer strict rules and regulations pertaining to pleading and providing evidence. This makes the process less expensive and time-consuming compared to court proceedings. The flexibility of arbitration procedures allows them to be tailored to fit the specific needs and requirements of the dispute at hand. For instance, parties can agree on limitations pertaining to the number or nature of awards before proceedings begin, setting parameters for total allowed damages and types of damages. Another significant advantage of arbitration is its privacy. Unlike court proceedings, which are public, arbitration is kept out of the public eye, with no official records kept except those directly related to the agreement. This can be particularly beneficial for businesses and individuals who wish to keep their disputes confidential.