Most commercial contracts now contain arbitration clauses. This means that when a dispute arises, the parties must use an arbitrator and cannot use the court process.
Victoria Mediation Services can provide full Commercial Arbitration Services including: contract, sports, personal injury and for collective bargaining agreements.
The Arbitration Advantage
Speed — The process can be started and resolved quickly. The procedures can be streamlined and many bureaucratic hurdles associated with court can be avoided.
Efficient — Although the parties have to pay for the arbitration, it is often more efficient and streamlined than going through the courts.
Confidential — With few exceptions, arbitration takes place in private and remains private.
Finality — The Arbitrator’s decision is final and binding. The right of appeal is limited and appeals are rare.