Useful Methods for Enforcing Contracts’ Arbitration Clauses
Arbitration clauses are common in many contracts, and for good reason.
Arbitration is often faster and cheaper than litigation, and many businesses prefer to have their disputes decided by a professional arbitrator rather than an unpredictable jury.
But sometimes, businesses overreach in their arbitration clauses, leading courts to find them unenforceable. If you follow a few simple guidelines, however, you can dramatically increase the likelihood that your arbitration clause will withstand scrutiny.
This article first appeared in the Portland Business Journal.