That is also available through any AAA regional office. Confidentiality -Arbitration is a private process. There is no public record of the proceedings. Limited Discovery -Extensive discovery is avoided. Arbitrators arrange for limited exchange of documents, witness lists, and depositions appropriate to the particular dispute.
Speed -There is no docket or backlog in arbitration.
Hearings are scheduled as soon as the parties and the arbitrator have dates available. Cost Saving -Because of the limited discovery and the informal hearing procedures, as well as the expedited nature of the process, the parties save on legal fees and transactional costs. In most instances litigation between professionals and their clients destroys the working relationship. Arbitration is less adversarial and, because of its informal nature, it is more likely that the parties will be able to continue to have a business relationship. Parties may agree to arbitrate disputes either by inserting a future-dispute clause in an engagement letter or contract or by submitting an existing dispute to arbitration.