Because the court system is filled with cases and does not provide the most affordable or efficient way to resolve conflict, business professionals and legal practitioners have searched for other ways to resolve legal disputes. One such alternative method to resolve disputes is arbitration. This legal process is an efficient shortcut around litigation that involves a neutral arbitrator making a final decision in a case instead of a judge.
Many insurance companies, employers, banks, contractors, government bodies and businesses have arbitration clauses in their contracts so that if a legal dispute arises, the arbitration process must be used. However, many parties who do not have this type of provision included in their contracts still choose to use arbitration because of the impressive benefits it provides.
Benefits of Arbitration
Arbitration allows the parties to have greater control over the outcome of their case. They can select an arbitrator with a robust understanding of the legal issues involved. They can also agree to terms to minimize the breadth of discovery involved in the case. There are also limited reasons when an arbitrated case can be appealed, so arbitration offers greater finality to a case.
Contact an Experienced Billings Arbitrator
If you would like more information on the arbitration process or would like to schedule arbitration, Russ Fagg & Associates can help. Contact us online or call us at 406-855-0224 to get started. We are committed to helping your resolve your case in a timely and cost-efficient manner.