Arbitration
Arbitration is an alternative means of settling a dispute by one or more impartial persons instead of going to court. It is sometimes preferred as a means of settling a matter without the cost and time of a court proceeding.
What is arbitration?
Arbitration is an alternative means of settling a dispute by one or more impartial persons instead of going to court. It is sometimes preferred as a means of settling a matter. This is in order to avoid the expense, delay, and potential nastiness of a court proceeding.
Courts have been the traditional method for resolving legal disputes. Increasingly, however, alternative dispute resolutions (or ADRs), are used to settle disagreements. Arbitration is a form of ADR.
-1.svg){kind=small}
From Theory to Practice: Analyze Your Contractsn
Try our free bulk clause extraction tool to quickly identify specific clauses across multiple documents.
See what centralizing contracts really looks liken