Advantages and Disadvantages to Arbitration
A couple of weeks ago we shared “What is Arbitration?”, now what are the advantages and disadvantages to Arbitration?
The following are a few advantages to Arbitration:
1. Arbitration can be more economical at times. The rules of discovery are a bit more relaxed.
2. Confidentiality. An order must be entered to make sure confidentiality will remain in place.
3. Flexibility. A neutral party is involved as the arbitrator. The choice between binding or non-binding arbitration is available.
The following are a few disadvantages to Arbitration:
1. No appeals. The arbitrator’s decision is final.
2. The arbitrator’s decisions are issued without review of the court.
3. Lack of formal evidence.
These are only a few factors to take into consideration before making a decision on whether to move forward to arbitrate versus any other alternative dispute resolution available. If you would like to know more, contact a San Diego personal injury attorney.
Disclaimer: While we always seek to establish accuracy when publishing articles, this piece is not intended to provide legal advice, and should not be used as such. Each individual case will differ and should be discussed with an attorney or legal expert. If you would like to inquire about pursuing a claim, please contact us at (858) 252-0781 or email firstname.lastname@example.org