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November 2018 Archives

How does forced arbitration work?

Though many businesses are phasing them out, arbitration clauses are still a feature in some contracts. They require both parties to seek resolutions to any contract disagreements by using alternative dispute resolution methods rather than litigating the matter in court. The decision reached in arbitration is legally binding, and there is typically no alternative for an appeal. If you encounter an arbitration clause in a potential contract, it's important to have clarity about how they work.

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