by: Abby Hug, Senior Staffer The Federal Arbitration Act (FAA) reflects a federal policy that strongly favors arbitration for resolving disputes, especially regarding written agreements between a buyer and seller. Arbitration appeals to organizations because arbitrators tend to issue results that favor the company that hired them, it is cheaper than litigation, and keeps product…
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So, You Think You Can Arbitrate?
By: Aissatou Toure; Articles editor Arbitration is in demand. In 2023 alone, complainants brought 7,554 new cases into arbitration. Before becoming an arbitrator, one must know what arbitration entails; however, arbitration evades easy definition. The World Intellectual Property Organization defines arbitration as: “a procedure in which a dispute is submitted, by agreement of the parties,…
