What are the advantages of arbitration over litigation? – Perez Mayoral

Arbitration offers several advantages over traditional litigation, starting with its less formal nature, which often means less work and, consequently, lower costs. The relaxed rules in arbitration make the discovery and fact-finding process more flexible, allowing for greater information exchange and fewer objections than in court. This free-flowing structure can lead to quicker and more efficient resolutions. However, it’s crucial to understand what kind of arbitration you’re agreeing to and which organization or company will be handling it, as procedures and rules can vary significantly between providers. Knowing the specific rules in advance helps ensure you’re prepared to move forward effectively. Please call us if you have any question.