What are arbitration provisions and how can they help in business agreements?

Although litigation is the typical method of resolving business disputes, there are other options that can help obtain resolution without the need for costly litigation. The use of arbitration provisions in business agreements can provide an avenue that could be less costly and time consuming as litigation, with the same results. The decision to use such provisions will depend on the specifics of the case at hand.

Read about the advantages and disadvantages to using arbitration provisions in agreements.