Arbitration in ADR

 

Arbitration runs along the same principle as mediation, but is a more official version. Many contracts, especially international commercial contracts, will have arbitration clauses included in case of dispute to try to prevent any issues being settled in court. Mediation is more informal.

The main reason for arbitration is that the decision of the arbitrator in almost all cases is legally binding. This can save not only money but also the relationship between the two parties in dispute, which in commercial disputes between companies can be vital.

As with all options though, arbitration must be thoroughly investigated to ensure it is the right course of action for you.

If you would like to obtain legal advice on arbitration, we can help to put you in touch with a local specialist solicitor for free. Call our experienced case handlers on 0800 1777 162 and let our dedicated case handlers match you with appropriate expert solicitors.

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