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control over any of these
factors in a court proceeding.
Instead, the rules of civil
procedure apply and allow for
broad discovery, depositions
of witnesses, extensive
production of electronic data
and documents, and an
extensive motion practice.
It can also mean lengthy
appeals. This results in
average trial costs that could
range from $50,000 to
$250,000, while the costs of
arbitrating the same types of
disputes could range from
$20,000 to $150,000.
Costs are also impacted by
the length of time it takes to
conclude the proceeding.
The American Arbitration
Association reports the average
time to conclude an arbitration
matter ranges from four to six
months for consumer disputes
to eight months for most
commercial disputes.
the testimony, documents and
details of the dispute outside of
the arbitration proceeding can
be controlled by the parties.
Who is permitted to attend the
arbitration can also be decided
by the parties.
In an era where legal battles
could cost your company
By contrast, Federal district
millions, including an
court cases take an average
arbitration provision in your
of 23 months to conclude the
agreement can be an effective
trial portion and can take up
solution. Studies show that
to 40 months to go through
those who have taken
an appeal.
advantage of the arbitration
process are satisfied with it.
These participants sight the
Privacy and
expertise of the arbitrators
Confidentiality:
Court proceedings are generally available,