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Benefits of Arbitration This is one of the methods that the business people use to settle their disputes. This can be included as a binding or a non-binding agreement when signing contracts. The main purpose of the Arbitration clause is to prevent all the disputing parties to file cases in the civil courts. This saves you time and expenses, and this is by going through the alternative dispute resolution process. However if the other party does not want to go through this process, you cannot force them to go through the arbitration process, and in this case, the legal channels have to be followed. Some of the certified agencies that have been approved to listen to these cases included the American Arbitration Association. There are also other approved associations that can be included in the contracts. When both parties agree to the process of arbitration both the resolution provider and the arbitrator fee has to be paid. The process can, however, be less expensive than the traditional civil court case. The alternative dispute resolution is a flexible process and also convenient to the parties involved because it saves them time and also it gives them the chance to decide on when, where and the time they will meet for the negotiations. When you want to use the arbitration clause, you must negotiate on the most favorable state law and the alternative dispute resolution Jurisdiction. For most businesses having an alternative dispute resolution that is locally available is advantageous and less expensive, and it also gives a better opportunity and the ability to have the preferred law firm to handle the matter. Get a professional law firm to handle your case, and also the mediator should be certified. For you to be able to save on cost you must consider restricting the mediator to an up or even a down decision. They should be allowed to state or mention the winner or loser and without going into the deeper details of the case. However, this option can be risky especially if the case has complicated issues, which required relief other than the monetary compensations. By deciding to do this allowing the judge this authority, you lose some of the control over cost, but it is important that you know the basis for the judge reaching that decision. Through the objective of a certified mediator, arbitration allows the parties to have an opportunity, in reviewing their position and also restricting for appeals. The parties have a chance to review the contracts and discuss them. This will help them to make the best decisions that are favorable to both the parties through the help of the mediator. The mediator should be impartial. The arbitration can either be non-binding or binding and can be done privately. Judge will listen to the evidence in the binding arbitration, he will review it either alone, or they can do that as a panel, and they will make a final decision.

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