5 Reasons Why You Need Arbitration for a Construction Dispute (Guest Post)
Today we welcome another guest author to the blog– Jonathan Newby. Jonathan is in the brokerage business, and runs a website relating to brokerage fees. Thanks Jonathan for your sharing your thoughts today.
Arbitration may be a better alternative to some construction disputes, assuming that you use a qualified and skilled arbitrator or arbitration panel. Here are five benefits for using arbitration over litigation:
- Arbitration means that the decision maker is an experienced industry professional instead of a lay jury.
- Arbitration can provide better protection for your assets by minimizing your risk of large losses sometimes seen with jury verdicts.
- Arbitration can provide flexibility in scheduling, versus court where you are told when and where to show up without much room to negotiate.
- Arbitration can put an end to your case faster. The time taken by an arbitrator is usually less than that to get a case to court to resolve a construction dispute.
- Arbitration costs can be much less when compared to the one charged during any other legal process like litigation.
These are five reasons why arbitration may be better for your construction dispute, so consider using an arbitration provision in your next construction contract.
Editor’s Note: As I’ve previously noted, there are pros and cons to arbitration in lieu of trial. The better venue is in part based on the type and size of contract, as well as numerous other subjective considerations. Discuss whether arbitration is appropriate for you with your construction law attorney.
Thoughts, comments, or questions? Drop Jonathan or me a note in the comments section, below.
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