The Alternate Dispute Resolution that assures finality is binding arbitration. The scope of issues to be resolved is identified and the arbitrator selected by both sides. The benefit of arbitration is a streamlined proceeding with advocacy available. Usually both sides have an attorney, submit testimony, or an informal presentation of the relevant facts, evidence and legal argument. Binding arbitration provides finality, but the parties forfeit any right of appeal. Strategically a party that seeks to avoid delay and the cost of appeals will enter into the Agreement to Arbitrate despite the risk of the disappointment with the result.
Employers: Does a Force Majeure Clause in Your Contract Cover You During the Coronavirus Pandemic?
The Coronavirus pandemic has upended our lives with little notice. Public events have stopped, schools and stores have closed, the financial markets have been volatile, and people are staying at home. Amid this chaos and uncertainty, how do contracts