Southern Perspective Shenzhen

Our last posts have been about mediation and the benefits it brings. Unfortunately, mediation is not always going to solve your problems.

Now what?

Another option is arbitration.  To understand where you stand in reference to mediation and litigation, please see the  picture below:

What Arbitration can do for you

Arbitration is method you can employ to reach settlement quicker. Litigation can drag on for years, arbitration can have things done in months or possibly even weeks. It is highly structured and at the end of the day, the arbitrator will make a legally binding decision on the parties. You can choice where you would like to arbitrate and who will be the arbitrator.

Another advantage of arbitration is it is confidential.  Like mediation, this forum will keep your business, your business.

How will I set up Arbitration?

When setting up your contracts, an arbitration clause will be necessary.  But these can be tricky.  Locality and business scope can all play a factor on how you structure your arbitration clause in your contract. You need investigate these items before drafting your arbitration clause .

Learn a little more here.