Good for Society and Good for You- Arbitration
Although there are countless benefits of using an arbitrator, we made an effort to concentrate the main ideas into a short-and-sweet article. The following is a friendly list of the five main benefits of arbitration.
More cost effective- Filing for an arbitration case costs considerably less than filing for a lawsuit. Additionally, arbitration usually requires considerably less intervention from lawyers, and the time that it takes to conduct and finish an arbitration proceeding is by-and-large much quicker than trial court. Since less time is required for legal advice and court proceedings the costs are also much better.
Arbitration Eases the Heavy Burdens Placed on the Court System- When the courts are overwhelmed with an unreasonable amount of cases they need to postpone important cases (such as your own maybe), and they often find themselves rushing through cases which is inevitably more likely to cause mistakes. But since more-and-more people are now opting for alternative dispute resolution options, like arbitration, rather than going to trial court, much of the burden is now being eased off of the court system.
Broader Access to Justice- Since trial court is so expensive it is only natural that there are many people that are not able to afford taking their cases to court. As a result, justice is not served with a large and important chunk of the population, namely those who are not wealthy. Socially and morally there is a lot to be desired in a system where the underprivileged can be sued, but they can't afford to sue. Although arbitration does not solve the problem altogether, because it does cost something after all, being as it is a less expensive process it does allow for more folks to bring their complaints to justice.
Successful Results- According to published data, people that go through the arbitration process are no more likely to fight the decision. In fact, numbers suggest that people who have gone through arbitration are less likely to fight the final decision. The numbers don't lie, and they attest that the success rate of arbitration is very good. People are happy with arbitrated decisions.
Convenience- Arbitration does not require of people to put everything in legal jargon which takes a lot of time, effort, and if you hire a lawyer, money. Rather, during the arbitration process parties are able to respond to arbitration claims in laymen's terms in order to explain themselves. Also the hearing dates and times are not assigned, rather everybody involved agrees on a date and time that is convenient for them. Obviously both parties benefit from such flexibility because nobody is forced to take off of work unnecessarily or miss other important affairs.
Now that you are considering using an arbitrator as opposed to taking your case to court, please consider how the preceding general list of arbitration benefits fits in with your needs for your case.
More cost effective- Filing for an arbitration case costs considerably less than filing for a lawsuit. Additionally, arbitration usually requires considerably less intervention from lawyers, and the time that it takes to conduct and finish an arbitration proceeding is by-and-large much quicker than trial court. Since less time is required for legal advice and court proceedings the costs are also much better.
Arbitration Eases the Heavy Burdens Placed on the Court System- When the courts are overwhelmed with an unreasonable amount of cases they need to postpone important cases (such as your own maybe), and they often find themselves rushing through cases which is inevitably more likely to cause mistakes. But since more-and-more people are now opting for alternative dispute resolution options, like arbitration, rather than going to trial court, much of the burden is now being eased off of the court system.
Broader Access to Justice- Since trial court is so expensive it is only natural that there are many people that are not able to afford taking their cases to court. As a result, justice is not served with a large and important chunk of the population, namely those who are not wealthy. Socially and morally there is a lot to be desired in a system where the underprivileged can be sued, but they can't afford to sue. Although arbitration does not solve the problem altogether, because it does cost something after all, being as it is a less expensive process it does allow for more folks to bring their complaints to justice.
Successful Results- According to published data, people that go through the arbitration process are no more likely to fight the decision. In fact, numbers suggest that people who have gone through arbitration are less likely to fight the final decision. The numbers don't lie, and they attest that the success rate of arbitration is very good. People are happy with arbitrated decisions.
Convenience- Arbitration does not require of people to put everything in legal jargon which takes a lot of time, effort, and if you hire a lawyer, money. Rather, during the arbitration process parties are able to respond to arbitration claims in laymen's terms in order to explain themselves. Also the hearing dates and times are not assigned, rather everybody involved agrees on a date and time that is convenient for them. Obviously both parties benefit from such flexibility because nobody is forced to take off of work unnecessarily or miss other important affairs.
Now that you are considering using an arbitrator as opposed to taking your case to court, please consider how the preceding general list of arbitration benefits fits in with your needs for your case.
About the Author:
When looking to hire an arbitrator or any other adr services it is a good idea to research cases which your potential arbitrator or mediator delegated on. Make sure that they do indeed have ample experience in your subject of dispute.