The arbitration process is aimed at providing an efficient, quick and cost-effective way for the resolution of disputes outside the court. The American Bar Association (ABA) defines arbitration as a “private process where disputing parties agree that one or several...
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Pros and Cons of Arbitration Clauses in Business Contracts
Usually, an arbitration provision is included in business contracts as well as employment agreements, where there will be an option to submit to arbitration if there is a dispute. Arbitration is the leading form of dispute resolution for contracts between parties...