Articles Tagged with Chicago Litigation Attorney

Arbitration is a popular alternative to courtroom litigation, and given its well-established track record for reducing legal costs, it’s easy to see why. However, those reduced costs depend upon it being used properly. If arbitration is mishandled, it can actually end up costing just as much as—if not more than—litigation.

Here, we’ll discuss some common arbitration pitfalls as well as how to best avoid them.

Pitfall 1: Trying to Win at All Costs

When it comes to resolving disputes, arbitration has often been touted as more cost-effective than litigation, and it’s generally true—at least as long as it’s handled properly. To get the most out of arbitration, consider the following tips and tactics.

Have a Clear Arbitration Cause

First of all, a clear arbitration clause is a vital aspect of keeping arbitration as cost-effective as possible. By establishing the details of how arbitration will be carried out in advance, you can prevent a lot of the back-and-forth that may occur if those details were left up in the air.

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