Kim Burge for Business Consumer Alliance

Key benefits of using arbitration for business disputes

Business disputes often arise when companies or contractors disagree over contracts, services or other business-related issues. Arbitration is a method used to resolve these disputes without going to court. In arbitration, both parties agree to have a neutral third party — called an arbitrator — listen to their arguments and make a decision.

Proper resolution ensures that businesses comply with legal obligations and avoid potential penalties. Resolving disputes amicably also helps preserve business relationships, which can be vital for future collaborations. In this post, Business Consumer Alliance explains the top benefits of using arbitration for business disputes.

What Is Arbitration?

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