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163b Arbitration Clauses Form

163b Arbitration Clauses Form

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hi this is Paul Skeet I'm a business lawyer practicing in Austin Texas this week I'd like to talk about arbitration clauses what are they and when might parties want to consider including an arbitration clause in an agreement so first what are they so an arbitration Clause is an agreement between parties in a contract that agrees to not have disputes settled in front of a judge and jury in the normal court system but to have a neutral third party privately decide any dispute between the parties you know why would you want to do that well potentially an arbitration proceeding can be faster although that's not always the case the arbitration Clause has to be drafted correctly and limiting uh with reasonable limits things like Discovery in the arbitration process and also realizing that even jury trials or even better bench droughts can often be just as fast as an arbitration can so what's another possible reason privacy is probably a good reason so for exa

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