Contract Negotiation Tip 001 | Beware of Arbitration Clauses
Arbitration Clauses in business contracts sound like a great thing on paper. If there’s a dispute, the parties can go before a third-party decision maker and have the matter decided quickly and less expensively than in court. The dispute also remains confidential. While these contract clauses may sound favorable, the truth is they are not included in contracts to protect you in the event of a dispute. If you don’t strike the provision during negotiation…