Decision On An Arbitration Provision In A Contract

Attorney Jason McGrath some items to consider when deciding to include an arbitration provision in a contract matter in this short video.

Here are some of the key points contained in the video:

  • Arbitration: do you prefer arbitration or a formal court case if there is a dispute?
  • The intent of an arbitration provision in a contract is to avoid a formal court case.
  • Arbitration provisions are, in general, enforceable and typically will be binding in the same way that a civil court judgment can be enforced.
  • There are ways to appeal an arbitration decision but they are limited.
  • Arbitration is usually less expensive than a formal court case.

You should talk to an attorney for advice when considering including an arbitration provision to your business contract.

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McGrath & Spielberger, PLLC provides legal services in Florida, Georgia, North Carolina, Ohio, South Carolina, and Tennessee, as well as in some Federal courts. The Firm offers full scale representation, as well as limited scope services, as appropriate for the situation. Please be advised that the content on this website is not legal advice, but rather informational, and no attorney-client relationship is formed without the express agreement of this law firm. Thank you.

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