What are common contract clauses related to litigation?

What are common contract clauses related to litigation?

Common clauses include arbitration, jurisdiction, and indemnification clauses. Would you like to know more about any specific clause?

Can you explain the arbitration clause?

An arbitration clause requires parties to resolve disputes through arbitration rather than litigation. It often specifies the rules and location for arbitration.

What is the difference between arbitration and litigation?

Arbitration is a private dispute resolution process, while litigation is a public court process. Arbitration is usually faster and less formal.

Are there any disadvantages to arbitration?

Yes, disadvantages include limited appeal options, potential bias in arbitrators, and confidentiality that may prevent public scrutiny.