When is Arbitration Appropriate?
When arbitration is appropriate:
- The parties are seeking compliance with the contract or cancellation of the contract.
- The parties are seeking reasonable compensation.
- The parties are largely able to provide supporting evidence for their arguments (contracts, correspondence, notices of default and such like).
- The parties require an enforceable order (ruling).
- Settlement of the dispute requires (technical) knowledge of the sector and its business practices.
- The parties do not have the time or the patience for court proceedings dealing with the substance of the case.
- The parties wish to be able to resolve their dispute in confidentiality.