Monday, November 2, 2015

Arbitration vs. Mediation

In arbitration, parties make arguments and present evidence to a a neutral arbitrator who makes a decision. Often the decision is binding. And, as was widely reported  a the New York Times piece on arbitration, In Arbitration, a ‘Privatization of the Justice System’, many times arbitrations are binding and not appealable.  Many contracts that consumers enter into every day from cell phone contracts, credit card contracts to contracts for services, now include binding arbitration contracts.