Question

Can you expand on this response?

One drawback I see regarding arbitration, is that it can be binding. This means once a dispute is resolved through arbitration, the decision is final. To try and litigate a binding arbitration agreement in court can be almost impossible.  

Answer 1

Answer

Arbitration is a legal process that can be used to resolve or settle a dispute (business, family or Labor), without going to the trial court.

It is less expensive, until the money involved in the dispute is very small.

Considering the arbitration process, the one drawback is that, it is binding and the decision of the judge is final. That means, no further appeal can be made by any party. To litigate a binding arbitration agreement in the court is equal to impossible, because, the judges provide their final decision based on the evidences, and can be biased towards one party.

It doesn't provide a fair recovery of the damage to the plaintiff, and makes the dispute confidential, not involving any outsider or not disclosing the issue to the public. There are witnesses are allowed to provide any inputs and data or evidences can be manipulated easily. Even if any of the parties feel that the outcome was unfair, they can't really help themselves and have to accept the final result.

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