Is arbitration the same cost as litigation

[Gabel]

Is arbitration basically the same cost as litigation in small business disputes, or if not which is cheaper?

Should I ask for arbitration of disputes in my small business contract. I provide software service repairs. Is there a standard best advice on this issue?

[adjusterjack]

Re: Is arbitration the same cost as litigation

Start by reading this article that explains the differences between arbitration, mediation, and litigation.

https://adr.findlaw.com/mediation/mediation-vs-arbitration-vs-litigation-whats-the-difference.html

Then check out the American Arbitration Association website and learn how it works.

https://www.adr.org/

[Lexus]

Re: Is arbitration the same cost as litigation

Arbitration is less expensive than court litigation, it saves money and time. It is good to add arbitration clause in business contracts to get a speedy remedy for any violations.

[Unregistered]

Re: Is arbitration the same cost as litigation

Usually a lot less expensive in my experience.

[adjusterjack]

Re: Is arbitration the same cost as litigation

Small claims court could be less costly than arbitration depending on where the OP is located and the amounts at risk.

[Lexus]

Re: Is arbitration the same cost as litigation

Arbitration is usually lot less expensive than court case. The main advantage of arbitration is that the dispute will normally be resolved much sooner.

[jane21august]

Re: Is arbitration the same cost as litigation

Arbitration is not very expensive. Also, It has many advantages over litigation. It is much faster than litigation and has a very simple procedure. Arbitration proceedings are generally held in private. Also, contact Dennis Omanoff to know more about business.