Business Law

Arbitration is the method of ADR that looks most like litigation. While initial submission to arbitration may be voluntary, parties are generally bound by the decision of the arbitrator or arbitrators. Note the preference that federal and state governments in the United States often have for arbitration, particularly as a way of resolving contract disputes. Again, as you read, try to identify the relative strengths and weaknesses of arbitration. 

Please read The Legal and Ethical Environment of Business: “Chapter 4: Section 3: Arbitration” (Links to an external site.)Links to an external site. (PDF)