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Article: Arbitration or litigation: five factors to consider when making the choice.(U.S.)
- Article from:
- The National Public Accountant
- Article date:
- June 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 National Society of Public Accountants. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Conventional wisdom poses that arbitration is a better way to resolve disputes than litigation. Depending on the identities of the parties, the type of dispute, and the amount at stake, however, an aggrieved party might fare better in court.
The decision to arbitrate or go to court is core to the strategy in many contract negotiations and in most commercial disputes. If the dispute involves technical issues or a small monetary amount, or if the parties want to preserve a commercial relationship, arbitration may be the better choice. If, however, the dispute is truly contentious and involves a complex legal issue such as the interpretation of a contract clause or ...