Resolving whether arbitration is the best option: A business litigator’s perspective

If you run a business, you’ve probably encountered arbitration clauses. These contractual provisions require parties to resolve disputes in private proceedings instead of court and are celebrated as a cost-effective alternative to in-court litigation. But arbitration might not always be a beneficial proposition for business disputes. Those who have arbitrated cases know the process features both advantages and disadvantages. Let’s take a closer look at three of the most critical issues businesses should consider when evaluating whether arbitration is right for them: efficiency, arbitrator selection, and privacy.