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So, that contract contains an arbitration clause?
First thing first: Don’t freak out. Here’s what you should know. Arbitration is very similar to litigation. However, unlike in litigation, arbitration tends to promote respect amongst the parties, is usually less expensive than litigation, and is sometimes a more efficient dispute resolution forum. Although there are several benefits to Arbitration, there are several noteworthy drawbacks. The most crucial being that this particular forum allows parties with greater sophistication and plentiful resources to exploit less sophisticated parties.
At the end of the day, an arbitration is a proceeding that affects your rights, and you’ll want to obtain experienced counsel that will both protect your rights and advocate for your interests. If your dispute is subject to an arbitration clause, don’t go at it alone. Reach out and see how we can help.