Law360, New York (April 23, 2013, 10:42 AM EDT) -- Arbitration is often thought to be preferable to litigating in court, and in some circumstances, it may be. Deciding to arbitrate, however, should be the result of a careful analysis of arbitration’s benefits and disadvantages. That analysis requires examining some common perceptions about arbitration. Below, we explore five of the most common assumptions about arbitration and suggest some practical considerations.
1) The Money
Assumption: Parties often assume arbitration will be cheaper than litigating in court. There is a perception that arbitration will not require the exhaustive...
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