Category: Arbitration

The Pros and Cons of Arbitration

At the beginning of a legal dispute, parties should review the business contract to see if  an arbitration clause is included. Arbitration is a private method of legal conflict resolution where a dispute is submitted to one or more arbitrators instead of a judge.  Unlike a dispute in court, the parties select the arbitrator(s), and also pay the fees of the arbitrator(s). The arbitrator renders an arbitration award to conclude the dispute. Unless an exception applies, the arbitration award cannot be appealed, but it can be enforced in court. In Texas, you may be required to arbitrate if the contract has an arbitration clause. Organizations must understand the potential positives and negatives of the arbitration process. Read below to understand the pros and cons of legal arbitration and how the Dallas law firm of Ritter Spencer Cheng PLLC can help parties involved in a legal dispute make the right decision for their business.

Arbitration Versus Mediation: What’s the Difference?

When business disputes arise, owners and managers must determine the method of resolution that is most likely to produce a compromise between the two disputing parties. Arbitration and mediation are two alternative dispute resolution (ADR) strategies that are designed to resolve conflict outside of the court system. Read below to learn more about the difference between arbitration and mediation and the advantages of each. For businesses interested in alternative dispute resolution, you can rely on Dallas commercial business litigation attorney, David Ritter, to guide your business through this complex process and find the best outcome.