When resolving a legal dispute, parties can consider arbitration if their business contract includes an arbitration clause. Arbitration is a private method of legal conflict resolution where a dispute is submitted to an arbitrator(s), a neutral third party who handles the case, by involved parties. The dispute is settled outside of the judiciary court by arbitrators who render an arbitration award. Although arbitration may be an attractive option for those seeking to resolve a conflict quickly and confidentially, organizations considering this option must understand the potential positives and negatives of the process. Read below to understand the pros and cons of legal arbitration and how the Dallas law firm of Ritter Spencer PLLC can help parties involved in a legal dispute make the right decision for their business.