How not to fall into the abyss with an arbitration clause: TOP 5 tips

There is much debate around what is best: state courts or the “Alternative Dispute Resolution (ADR), to which arbitration belongs. However, it is obvious that it is arbitration that is the best way to consider and resolve disputes, in which all the benefits of a jurisdictional form are combined with the loss of defects of a state court. Therefore, concluding an arbitration agreement, it is important to avoid language that can prevent the establishment of the will of the parties to the transaction. Although the clarity of the wording cannot compensate for the semantic flaws of the arbitration agreement. So, we highlight the TOP-5 problems, for the solution of which we offer appropriate advice. Continue reading →