What are the costs associated with arbitration?

What are the costs associated with arbitration?

The costs of arbitration can vary widely depending on factors like the complexity of the case, the arbitrator's fees, and administrative costs.

Can you break down the typical costs involved?

Sure! Typical costs include arbitrator fees, filing fees, administrative fees, and legal representation costs.

How do these costs compare to litigation?

Generally, arbitration can be less expensive than litigation, but it depends on the specifics of the case and the arbitration process used.

Are there any hidden costs I should be aware of?

Yes, hidden costs can include travel expenses, expert witness fees, and costs for document preparation.