Perspective
Aug. 16, 2014
To avoid delay, submit to arbitration
Sophisticated parties and seasoned lawyers are often negotiating submission agreements these days - and for good reason. By Thomas J. Brewer and Zela G. Claiborne
The lion's share of arbitration matters are "demand cases," when an agreement to arbitrate future disputes is a provision of the parties' contract. By contrast, submission agreements offer a different approach. Once a dispute arises, the parties agree to submit it to binding arbitration even if they do not have a contractual agreement to arbitrate.
Although many lawyers traditionally have been...
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