DRAFTING EFFECTIVE ARBITRATION CLAUSES
Arbitration (the resolution of disputes outside the courts) has the advantage of being private and quicker than it would be to resolve matters in court. Distinct features of arbitration are that the arbitration awards are binding and enforceable in court, ensuring that the protection offered by a court is still present with the arbitration. An arbitration agreement may be formed before a dispute arises or even after it has arisen.
Notably, arbitration clauses only serve to limit the jurisdiction of the courts and do not entirely oust it...
Click for the full article: https://www.bowmanslaw.com/insights/dispute-resolution/drafting-effective-arbitration-clauses/
Arbitration (the resolution of disputes outside the courts) has the advantage of being private and quicker than it would be to resolve matters in court. Distinct features of arbitration are that the arbitration awards are binding and enforceable in court, ensuring that the protection offered by a court is still present with the arbitration. An arbitration agreement may be formed before a dispute arises or even after it has arisen.
Notably, arbitration clauses only serve to limit the jurisdiction of the courts and do not entirely oust it...
Click for the full article: https://www.bowmanslaw.com/insights/dispute-resolution/drafting-effective-arbitration-clauses/
