The Legal and Ethical Environment of Business: "Chapter 4, Section 3: Arbitration"

Read this section. Arbitration is the method of ADR that looks most like litigation. While initial submission to arbitration may be voluntary, parties are generally bound by the decision of the arbitrator or arbitrators. Federal and state governments in the United States often have a preference for arbitration, particularly as a way of resolving contract disputes. Try to identify the relative strengths and weaknesses of arbitration. Don't forget to complete the exercises at the end of the section.