With the exception of criminal cases, virtually all types of disputes are accepted for arbitration proceedings. Less expensive . Fewer formalities and postponements can make arbitration a substantially cheaper alternative than going to court. Moreover, unlike a trial that is open to the public, arbitration offers a private arena to handle disputes. Less adversity .
Arbitration tends to be less adversarial than a legal trial.
Consequently, you have a better chance to continue a working relationship with the other players involved after a decision has been reached. There are some instances, however, where arbitration may not be the best solution. Also, small claims courts tend to be just as efficient as arbitration proceedings in handing down judgments, but arbitration has the advantage of having no limits on the dollar amount involved in a dispute. The easiest way to ensure that disputes will be resolved using arbitration is to include a pre-dispute arbitration clause in your contracts and leases. This is crucial, as much of the arbitration proceedings will be governed by the wording of the clause.