Arbitration Clauses are Commonplace and Usually Enforceable
By Dominique A. Penson
Litigations can get tied up for years in the courts and are often expensive. Arbitrations, in contrast, typically require much less time, and because the rules of evidence are often relaxed, end up costing less than trials. In addition, corporate defendants would often prefer to have a case decided by professional arbitrators than a lay […]
