Explore The Pros And Cons Of Arbitration
Arbitration can be a timely and cost-effective alternative to trial litigation. In many business contracts, arbitration is dictated as the forum for resolving disputes. Whether you choose to arbitrate or it is thrust upon you, you need legal counsel who understands the unique considerations and how to strategize accordingly to protect your company’s interests.
The Law Offices of Todd D. Thibodo, A Professional Corporation, provides experienced legal representation in arbitration of complex business disputes and other civil litigation. We serve businesses in Los Angeles County and throughout Southern California from our office in Encino.
Resolving Business Disputes Through Arbitration
Arbitration is a less formal means of resolving a business dispute than litigation in court. A panel of one or more neutrals (who are selected by the parties) hears the evidence and arguments of both sides and then renders a final, binding decision.
Arbitration offers advantages over formal courtroom litigation in that it is typically less costly and time-consuming. However, there are disadvantages to arbitration as well. For example, in the arbitration process, rules of evidence are much less strict than in a trial. Hearsay and other evidence that ordinarily would not be allowed in court may be presented to an arbitrator. In addition, arbitration decisions are typically final, with no right to appeal. (An arbitration agreement may, but usually does not, provide for some right to appeal.)
If you are involved in a business dispute where there may be a requirement to arbitrate, you may need to act quickly to enforce the arbitration agreement. At the Law Offices of Todd D. Thibodo, A Professional Corporation, we will analyze your situation thoroughly and discuss the advantages and disadvantages of arbitration versus litigation.
Get A Head Start
Attorney Todd D. Thibodo is experienced in all phases of arbitration, from initiation of the arbitration process through the hearing (trial) and drafting of the final award. He will guide you through the process from beginning to end. Call today at 818-907-5769 to arrange a consultation.