Key Benefits Of Using Arbitration For Business Disputes

During the arbitration hearing, both companies present their evidence and arguments. The arbitrator reviews the case and decides that Beta Supplies must compensate Alpha Tech for the defective components. This decision is final and binding, allowing both companies to move forward without the prolonged process of a court trial.Imagine two companies, Alpha Tech and Beta Supplies, are in a dispute over a contract. Alpha Tech claims that Beta Supplies delivered faulty components that didn’t meet the agreed spec ...