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Arbitration (Disadvantages (If the arbitration is mandatory and binding,…
Arbitration
Disadvantages
If the arbitration is mandatory and binding, the parties waive their rights to access the courts and to have a judge or jury decide the case.
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In some legal systems, arbitration awards have fewer enforcement options than judgments
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Advantages
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Arbitral proceedings and an arbitral award are generally non-public, and can be made confidential
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