In business circles, “See you in court!” is out. “Let’s arbitrate!” is in.
As the costs of lawsuits have climbed out of sight, business owners and managers have discovered that arbitration is generally a better deal. Usually, arbitration is cheaper and speedier than litigation – and it’s private. There’s no need to parade a business dispute before the public as happens in a court case.
Sooner or later, almost every business will run into a dispute that can’t be settled by negotiation. For example, a painter redecorates your facility and insists on full payment even though the job was poorly done and
