What Are The Pros And Cons Of Arbitration Agreements

Arbitration is also generally cheaper. Pre-litigation procedures are streamlined so that litigation can save time and money. For example, arbitrators may agree on the scope and duration of discovery, or they may lash out at the arbitrator to set appropriate limits for discovery – limits that are likely far from routine civil discovery. Thus, the parties to the dispute are able to shape the arbitration procedure and avoid unnecessary expenses as much as possible. There are many advantages and disadvantages to employee arbitration agreements, all of which you should consider carefully before implementing an arbitration program.