The Advantages and Disadvantages of Ad Hoc Arbitration
Wednesday, March, 23, 2011
For many people, ad hoc arbitration makes a lot of sense. If you are considering using this process to dispose of a dispute, then you should know the advantages and disadvantages. An arbitration attorney can give you a better idea of how these things will work in your particular case.
As any arbitration attorney will tell you, going ad hoc is much more flexible. You get to make the decisions and you get to determine a lot of the details on how things will run. This allows for easier implementation and disputes can be handled much more quickly. The second advantage has to do with cost. There are fewer administrative costs and fees to contend with, so parties with less financial capability can use this process over the court system. Likewise, once the right arbitration attorney is found, there is less burden on the parties themselves to facilitate the action.
One disadvantage is that you have to do some things on your own. Since so many decisions are left up to the parties at hand, you can't just coast through and let the system handle the administration. There can also be some conflicts about who will act as the arbitration attorney in charge and where the proceeding will take place. If you can get over these barriers, it can lead to a meaningful process.
If you want more information on how this form of arbitration might be helpful, you should consult an arbitration attorney in your area. Alternatively, you might continue to read the articles here.