Can arbitration be mandatory?

Can arbitration be mandatory in contracts?

Yes, arbitration can be mandatory if both parties agree to include an arbitration clause in their contract.

What are the benefits of mandatory arbitration?

Benefits include faster resolution, lower costs, and confidentiality compared to traditional court proceedings.

Are there any downsides to mandatory arbitration?

Yes, potential downsides include limited rights to appeal and the possibility of biased arbitrators.

How does mandatory arbitration affect consumer rights?

It can limit consumer rights by restricting access to courts and making it harder to pursue class action lawsuits.

Can I opt-out of mandatory arbitration?

It depends on the contract terms; some allow opting out while others do not.