Are you facing an arbitration provision?

It can be confusing as to what the difference is between arbitration and traditional court litigation. There are times when you get to choose between the two. But what if you don’t get that choice and arbitration is your only avenue to seek justice? A few beneficial points about arbitration:

• Arbitration usually takes less time therefore it is usually less expensive. However, you should note that the parties to the legal dispute pay the arbitrator’s fee. With general state court litigation, a judge (or jury, depending on the circumstances) decides your fate — but those costs are paid with tax dollars, not yours. Keep in mind, a swifter resolution will most likely be had with arbitration!
• If you go the three-arbitrator panel route, generally each side chooses an arbitrator and then those two choose the third; an arbitrator is usually a local attorney with experience in the type of matter you are involved in.
• If you want to keep your legal dispute “quiet”, you have the advantage in arbitration because you can control what information becomes publicly available more than with traditional litigation. Most of what happens in traditional court litigation becomes public record.

If you have questions about an arbitration proceeding you are facing, reach out to the attorneys at May Oberfell Lorber and we will guide you through it.

This article is for informational purposes only and does not constitute legal advice.