{"id":10833,"date":"2022-01-12T05:26:50","date_gmt":"2022-01-12T05:26:50","guid":{"rendered":"https:\/\/lexforti.com\/legal-news\/?p=10833"},"modified":"2022-02-24T18:37:17","modified_gmt":"2022-02-24T18:37:17","slug":"advantages-disadvantages-arbitration","status":"publish","type":"post","link":"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/","title":{"rendered":"Advantages and Disadvantages of Arbitration"},"content":{"rendered":"\n<p><em>In this post, the author has described the Advantages and Disadvantages of invoking an Arbitration proceeding. Additionally, the post contains, a video and a sample agreement to facilitate in drafting an Arbitration Agreement. <\/em><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_47_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"ez-toc-toggle-icon-1\"><label for=\"item-6a3603447c757\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-6a3603447c757\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#INTRODUCTION\" title=\"INTRODUCTION\">INTRODUCTION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#ADVANTAGES_OF_ARBITRATION\" title=\"ADVANTAGES OF ARBITRATION\">ADVANTAGES OF ARBITRATION<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Cost_effective\" title=\"Cost effective\">Cost effective<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Simple_and_informal_procedure\" title=\"Simple and informal procedure\">Simple and informal procedure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Fairness\" title=\"Fairness\">Fairness<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Efficient_and_flexible\" title=\"Efficient and flexible\">Efficient and flexible<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Convenience\" title=\"Convenience\">Convenience<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Confidentiality\" title=\"Confidentiality\">Confidentiality<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Finality\" title=\"Finality&nbsp;\">Finality&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Agreeableness\" title=\"Agreeableness\">Agreeableness<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Full_control_of_the_process\" title=\"Full control of the process&nbsp;\">Full control of the process&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#How_to_draft_an_Arbitration_Agreement_Video\" title=\"How to draft an Arbitration Agreement? [Video]\">How to draft an Arbitration Agreement? [Video]<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#DISADVANTAGES_OF_ARBITRATION\" title=\"DISADVANTAGES OF ARBITRATION\">DISADVANTAGES OF ARBITRATION<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#No_Appeals\" title=\"No Appeals&nbsp;\">No Appeals&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Cost\" title=\"Cost\">Cost<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Rules_of_Evidence\" title=\"Rules of Evidence\">Rules of Evidence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Limited_powers_of_arbitrator\" title=\"Limited powers of arbitrator\">Limited powers of arbitrator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Questionable_Fairness_in_Mandatory_arbitration\" title=\"Questionable Fairness in Mandatory arbitration\">Questionable Fairness in Mandatory arbitration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Lack_of_transparency\" title=\"Lack of transparency\">Lack of transparency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Inconsistently_following_the_law\" title=\"Inconsistently following the law\">Inconsistently following the law<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#Sample_Arbitration_Agreement_PDF\" title=\"Sample Arbitration Agreement [PDF]\">Sample Arbitration Agreement [PDF]<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/lexforti.com\/legal-news\/advantages-disadvantages-arbitration\/#CONCLUSION\" title=\"CONCLUSION&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\">CONCLUSION&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"INTRODUCTION\"><\/span>INTRODUCTION<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-text-align-justify\">Conflicts are inevitable in any societal set-up. Earlier, the only way available to people was to hustle through litigation but with the advent of alternative dispute resolution methods, Arbitration gained prominence in India. It is a form of dispute resolution in which the parties choose their own adjudicator and mode and place of resolving their disputes whereby the arbitrator through the application of the laws of the land and after hearing both the parties speedily settle the dispute by passing an award in favour of the deserving party. The arbitrator hears both the parties and then relying upon the oral submissions and documents provided, issue a resolution.<\/p>\n\n\n\n<p><strong>KEYWORDS: Arbitration, Cost-effective, appeal, time, law<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ADVANTAGES_OF_ARBITRATION\"><\/span>ADVANTAGES OF ARBITRATION<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-text-align-justify\">There are numerous advantages of going for arbitration over litigation. The major ones among them are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cost_effective\"><\/span>Cost effective<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\"><a href=\"https:\/\/www.upcounsel.com\/what-are-the-advantages-and-disadvantages-of-arbitration\">In arbitration, not much legal preparation is required<\/a>. Most of the charges or costs incurred during the arbitration process are divided between both the parties. This makes this process much cheaper than the traditional litigation.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Simple_and_informal_procedure\"><\/span>Simple and informal procedure<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">In arbitration, the parties do not have to hire advocates to represent them. The parties can themselves present their issues and demands before the arbitrator. <a href=\"https:\/\/blog.ipleaders.in\/arbitration-type-significance\/\">No formal mannerisms are used in this process which results in a comfortable environment<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fairness\"><\/span>Fairness<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">In traditional legal trial, neither part can choose the judge who will decide their case. However, in arbitration, both the parties have the liberty to choose arbitrator. This results in a fair outcome.&nbsp;&nbsp; &nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Efficient_and_flexible\"><\/span>Efficient and flexible<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">The traditional litigation takes too much time to resolve. It may also take years to solve a particular case. A legal resolution through arbitration is much quicker than litigation. Arbitration is more flexible in terms of scheduling. Arbitration hearings can conveniently be scheduled based on the availability of parties and the arbitrator<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Convenience\"><\/span>Convenience<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">In litigation, the date of hearing is to be determined by the Court. For this, the convenience of the parties is not kept in mind. Sometimes, the parties have to wait for long time to get court dates. However, in arbitration, parties have the right to agree upon a particular date as suitable for them and their witnesses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Confidentiality\"><\/span>Confidentiality<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">In Court, all the proceedings are open to public. <a href=\"https:\/\/blog.ipleaders.in\/arbitration-type-significance\/\">However, in arbitration, any disclosure made by the parties in the proceedings is to be kept confidential<\/a>. Therefore, the arbitration legal process is more private than litigation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Finality\"><\/span>Finality&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">The decision made by the arbitrator is final one. There is not any system of appeal in the arbitration process.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Agreeableness\"><\/span>Agreeableness<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">In arbitration, neither party wins nor losses. Both the parties came to an agreeable outcome which is in compliance with their needs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Full_control_of_the_process\"><\/span>Full control of the process&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">Both the parties have all the rights to determine by agreement the conduct of the proceedings. On the basis of it, the procedure is streamlined to suit the specific requirements of the case at hand.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_draft_an_Arbitration_Agreement_Video\"><\/span>How to draft an Arbitration Agreement? [Video]<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube\"><div class=\"lyte-wrapper fourthree\" title=\"How to draft an Arbitration Agreement? | Rohit Pradhan\" style=\"width:420px;max-width:100%;margin:5px;\"><div class=\"lyMe\" id=\"WYL_ofGj_o70uXg\" itemprop=\"video\" itemscope itemtype=\"https:\/\/schema.org\/VideoObject\"><div><meta itemprop=\"thumbnailUrl\" content=\"https:\/\/i.ytimg.com\/vi\/ofGj_o70uXg\/hqdefault.jpg\" \/><meta itemprop=\"embedURL\" content=\"https:\/\/www.youtube.com\/embed\/ofGj_o70uXg\" \/><meta itemprop=\"duration\" content=\"PT8M1S\" \/><meta itemprop=\"uploadDate\" content=\"2021-12-18T18:30:40Z\" \/><\/div><div id=\"lyte_ofGj_o70uXg\" data-src=\"https:\/\/i.ytimg.com\/vi\/ofGj_o70uXg\/hqdefault.jpg\" class=\"pL\"><div class=\"tC\"><div class=\"tT\" itemprop=\"name\">How to draft an Arbitration Agreement? | Rohit Pradhan<\/div><\/div><div class=\"play\"><\/div><div class=\"ctrl\"><div class=\"Lctrl\"><\/div><div class=\"Rctrl\"><\/div><\/div><\/div><noscript><a href=\"https:\/\/youtu.be\/ofGj_o70uXg\" rel=\"nofollow\"><img src=\"https:\/\/i.ytimg.com\/vi\/ofGj_o70uXg\/0.jpg\" alt=\"How to draft an Arbitration Agreement? | Rohit Pradhan\" width=\"420\" height=\"295\" \/><\/a><\/noscript><meta itemprop=\"description\" content=\"Let&#039;s learn How to draft an Arbitration Agreement But before that, how to claim the copy of this Arbitration Agreement, which has been drafted in this video? Do these three steps: Step 1: Subscribe to the YouTube Channel Step 2: Comment down, what have you learnt after watching this video Step 3: Text me on Instagram [@lexforti] and let me know, if you have done above two steps. On the completion, of above given steps, I will share across the Agreement with you ASAP! What have I discussed in this video? 00:00 - Introduction 02:03 - Let&#039;s start drafting Arbitration Agreement 02:47 - Recital Clause 03:20 - Substantive Clauses of the Arbitration Agreement 05:50 - Boilerplate clauses 07:45 - Conclusion In this video, I have explained the step-by-step process of drafting an Arbitration Agreement \/ Contract. Whenever parties enter into a professional arrangement, they bind each other with obligations, via an Agreement. In case the agreement is breached, the other party claims damages and the victim party is compensated. Such adjudication is done by the Court, however, due to the pendency of cases; sometimes, it takes a lot of time to adjudicate upon such dispute. Resultantly, giving hardship to the victim. Arbitration is a dispute resolution process through which the parties agrees to not go to the court and rather be subjected to the adjudication by an Arbitrator. This process is fast and give justice to the victim party in short span of time. Through this video, I intend to provide an insight on the Drafting of such Agreement \/ Contract. #arbitration #contractdrafting #arbitration_agreement #rohit_pradhan\"><\/div><\/div><div class=\"lL\" style=\"max-width:100%;width:420px;margin:5px;\"> <a href=\"https:\/\/youtu.be\/ofGj_o70uXg\" target=\"_blank\">Watch this video on YouTube<\/a>.<\/div><figcaption><em>Video explaining the nuances of drafting an Arbitration Agreement<\/em><\/figcaption><\/figure>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"DISADVANTAGES_OF_ARBITRATION\"><\/span>DISADVANTAGES OF ARBITRATION<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-text-align-justify\">Every coin has two sides. Along with numerous advantages, there are a number of disadvantages of arbitration that the parties should keep in mind if they want to go for arbitration. The major ones among them are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"No_Appeals\"><\/span>No Appeals&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">The decision given by the arbitrator is considered as final. <a href=\"https:\/\/www.sacattorneys.com\/the-advantages-and-disadvantages-of-arbitration.html\">There is no system of appeal in arbitration process.<\/a> Even if one party feels that the outcome of arbitration process was unfair, unjust, or biased, they do not have the option to appeal it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cost\"><\/span>Cost<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">Arbitration is generally considered as a cost-effective process as compared to litigation. However, this feature does not hold any significance in those cases in which minimal money is involved.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rules_of_Evidence\"><\/span>Rules of Evidence<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">In a Court of law, a judge has to follow specific rules and regulations while accepting evidence. However, it is not so in arbitration. Arbitrators can utilise any information that is brought to them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Limited_powers_of_arbitrator\"><\/span>Limited powers of arbitrator<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">The Court possesses the power to punish the litigants who are obstructive or dilatory in their conduct of the proceedings. However, an arbitrator\u2019s powers are not as strong as to find someone in contempt of court.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Questionable_Fairness_in_Mandatory_arbitration\"><\/span>Questionable Fairness in Mandatory arbitration<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\">If the contract itself states that arbitration is mandatory in case any dispute arises then the parties do not have the flexibility to choose arbitration upon mutual consent.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lack_of_transparency\"><\/span>Lack of transparency<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\"><a href=\"https:\/\/www.nolo.com\/legal-encyclopedia\/arbitration-pros-cons-29807.html\">The arbitration hearings are generally not made open to public and are held in private<\/a>. This can be a positive as well as a negative feature of arbitration. This lack of transparency may turn the process biased and ultimately result into injustice.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Inconsistently_following_the_law\"><\/span>Inconsistently following the law<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-text-align-justify\"><a href=\"https:\/\/www.sacattorneys.com\/the-advantages-and-disadvantages-of-arbitration.html\">Although it is right that the arbitrator has to follow the law but the standards are not clear.<\/a> It is highly possible that the arbitrator may consider the \u201capparent fairness\u201d of the respective parties\u2019 positions instead of strictly following the law. This becomes more significant when our party would be favored by a strict application of the law.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sample_Arbitration_Agreement_PDF\"><\/span>Sample Arbitration Agreement [PDF]<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/lexforti.com\/legal-news\/wp-content\/uploads\/2021\/12\/arbitration-agreement-PDF.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">arbitration-agreement-PDF<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"CONCLUSION\"><\/span>CONCLUSION&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-text-align-justify\">Arbitration is an attractive method of alternative dispute resolution that can provide an attractive alternative to the traditional legal system. Arbitration has its own advantages and disadvantages. All these pros and cons along with the particular transaction and the needs of the parties should be taken into consideration before agreeing to arbitrate a dispute.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this post, the author has described the Advantages and Disadvantages of invoking an Arbitration proceeding. Additionally, the post contains, a video and a sample agreement to facilitate in drafting an Arbitration Agreement. INTRODUCTION Conflicts are inevitable in any societal set-up. Earlier, the only way available to people was to hustle through litigation but with [&hellip;]<\/p>\n","protected":false},"author":292,"featured_media":10835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[58],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Advantages and Disadvantages of Arbitration - LexForti<\/title>\n<meta name=\"description\" content=\"In this post, the author has described the Advantages and Disadvantages to invoking an Arbitration proceeding. 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