Arbitration can offer a number of advantages over a courtroom proceeding. First, arbitrations are usually faster than litigation, especially now when court dockets are overflowing in many areas of the country. Arbitration also tends to be less expensive than a traditional lawsuit. Furthermore, if the dispute is of a highly technical or scientific nature, arbitrators with expertise in that area can be chosen. Arbitration proceedings are usually private rather than public, such as a trial. Finally, the fact that decisions reached in an arbitration usually cannot be appealed offers the advantage of certainty for the prevailing party.
Arbitrators in many areas can award a variety of remedies. They include ordering one party to pay a sum of money, ordering a party to do or not to do something, making a declaration as to a matter determined in the arbitration, ordering performance of a contract, or ordering a contract to be set aside. Arbitrators may also be able to compel third parties to comply with discovery demands by disclosing records or other critical information.
If you feel arbitration may be an avenue worth considering for your legal dispute, contact our knowledgeable law firm today for a consultation.