Unformatted text preview: 3. Some of the disadvantage would have to be, my supplier could have the upper hand since it’s a much stronger party then I am, they can pay out the arbitrator, or the arbitrator is subjected to be on the stronger party. Since binding arbitration is a quick process, there is less appeal, and I might need more time to make my claims and statement to win the arbitrator’s decision. Even though there are lot arbitrators but there are more cases than arbitrator so most likely they are bombarded with other cases and my arbitrator might cause delays. In some arbitration agreements, the parties are required to pay for their arbitrator, and as a small business owner I wouldn’t have that kind of fund....
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- Spring '11
- Business, business owner, Arbitration, Arbitral tribunal