Contract No-No-Nos: Arbitration
Chances are good that you have at least one contract in which you have agreed to arbitrate—rather than litigate—disputes between you and the other party. It may even be the case that the arbitration clause is in the agreement because you wanted it there. After all, the consensus in the business world is that arbitration is better, faster and cheaper. But, is it really?
Hint: No, no and no, but keep reading.
Myth: Arbitration is better because it’s just like litigation, and there is no public record.
The only accurate part of this