Cost Cutter #8
Arbitrate, Not Litigate

       Solving your legal problem via arbitration instead of the court system will typically save you at least 50%. With alternative dispute resolution (arbitration or mediation) the quality of your dispute resolution is likely to improve, as well.

       Under binding arbitration each party agrees to let an arbitrator hear the arguments, look at the evidence and make a final decision. Mediation is a nonbinding conference between the parties supervised by a mediator who strives to reach a conciliation with the disputants making a final decision.

       By including an arbitration clause in each contract you enter into, you can dramatically reduce the cost of potential litigation. On the next page we provide resources you might want to consider.

© The Chimorel Group 2005