Advantages of Arbitration

The video discusses the advantages of arbitration over litigation, highlighting the expertise of arbitrators, the efficiency and cost-effectiveness of the process, the ability to maintain privacy, and the potential to preserve business relationships. Arbitrators are chosen for their knowledge, making the process more reliable than relying on a jury. Arbitration is generally faster and less expensive due to limited discovery rights and lower legal fees. It also allows for privacy, as parties can agree to keep proceedings confidential. Lastly, arbitration is less likely to damage ongoing business relationships compared to litigation.

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