Mandatory Arbitration Agreement Drafting Checklist

Arbitration is often a more efficient, cost-effective alternative to litigation. While litigation can last for years, particularly if the findings are appealed, the arbitration process typically moves much more quickly. In addition, while litigation is carried out in a public forum, arbitration is conducted privately, thereby protecting the employer’s confidentiality. However, arbitration is not advantageous in all circumstances. In this article for Lexis Practice Advisor, Schulte partner Holly Weiss outlines the best practices and key considerations for private employers drafting a mandatory arbitration agreement.