Have you ever had a dispute with a company that was resolved through private arbitration? How did that experience compare to going to court?
Based on my knowledge, as a paralegal working in a law firm, I have only seen like 2 or 3 cases that were resolved through private arbitration. None of the times were the clients happy because it was so expensive. One was with the American Arbitration Association (AAA) and it was just plain expensive. The client complained about it because when you do arbitration, it’s like you funding a private court.
I do think that some people believe that private arbitration can be an effective way to resolve disputes, particularly for companies who do not want to engage in lengthy court proceedings — meaning where time and privacy are of more concern. Arbitration is often faster than going to court, and the parties involved can select an arbitrator who has specialized knowledge in the specific area of law related to the dispute, which may result in a more informed and fair decision.
There is another downside to private arbitration. Specifically, I have seen cases where the arbitrator's decision was not satisfactory to one or both parties, but because the decision is binding, there is no path for appeal.
So, whether private arbitration or court proceedings are the best option will depend on the specific circumstances of each case. As a paralegal, it is important to provide clients with clear and accurate information about their options and the potential benefits and drawbacks of each approach, so they can make an informed decision.
If you’re looking for a good lawyer in Utah you may want to try this one:
Jeremy Eveland
17 North State Street
Lindon Utah 84042
(801) 613-1472
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