3 ms·
that's why all these companies are adding arbitration clauses, obviously. because it helps people and they give out more money with them versus normal lawsuits.
by slikrick 3y ago
that's why all these companies are adding arbitration clauses, obviously. because it helps people and they give out more money with them versus normal lawsuits.
- JumpCrisscross 3y ago> why all these companies are adding arbitration clauses It limits downside. So if you’re someone who could and would sue, it constrains you. If that’s you, opt out. For anyone who wouldn’t (or can’t afford to), it’s a net gain. Most people don’t escalate disputes to even their regulators, so from the company’s perspective they’re irrelevant. If consumer behaviour changed to actually engaging arbitration, companies would be less enthusiastic about it. TL; DR Arbitration is a bet by companies on the masses’ complacency in exchange for dampening short-tail legal risk. If you’re not in that tail, if you’re among most Americans, you can exploit this calculation.