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Faster, Cheaper Dispute Resolution Starts With a Smart Arbitration Clause

June 10, 2015
Frank Morreale

Reprinted with permission from the ACC North Florida Chapter

Arbitration clauses are often included in the back pages of commercial contracts with the expectation that, should a dispute arise in the future, the contracting parties will be protected from an expensive, distracting lawsuit that plays out in a public forum over many years. But a boilerplate clause can cause more headaches – and cost more money. Attention to a few important issues when drafting such clauses can minimize the time, cost and pain of commercial arbitration. This article focuses on five such issues.

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