5 ms·
There _are_ ways to set up arbitration to be reasonably neutral if that's a goal. One contract along those lines that I saw basically goes like this: each part
by bzbarsky 9y ago
There _are_ ways to set up arbitration to be reasonably neutral if that's a goal.
One contract along those lines that I saw basically goes like this: each party picks its own arbitrator (presumably biased toward that party, whatever). Then those two arbitrators together select a third arbitrator, who will actually arbitrate the dispute.
Of course that's not what binding arbitration clauses look like, at all.
- candiodari 9y agoNote that arbitration clauses obviously do not sign away your right to sue, they just force you to put in a decent effort to go through arbitration first.