Arbitration- Simplifying the Legal Battles

Introduction to Arbitration Arbitration has become a buzzword in today's commercial contracts. The law gives the parties the option of entering into commercial agreements knowing that if there is a dispute, they can refer it to this easy, quick, convenient, and cost-effective approach rather than going through the complex and lengthy proceedings of a court. Both domestic and international arbitration are covered by the Act. This article focuses on domestic issues that also apply to major aspects of international arbitration. Advantages of Arbitration Alternative Dispute Resolution (ADR) includes arbitration. ADR procedures have a number of advantages, including- Lower costs Procedural flexibility Increased confidentiality ...