The use of arbitration is on the rise. More and more employers require workers to sign mandatory arbitration agreements, keeping conflicts like employment discrimination and wrongful termination out of the courts.
We're also seeing a major uptick in intellectual property and technology disputes handled through arbitration.
Arbitration clauses are finding their way into a growing number of consumer contracts, spanning everything from cell phone agreements and home purchases to car rentals and cable service providers. There is also a widespread movement to use arbitration as an alternative to litigation for international commercial disputes.
Virtual arbitration, the use of artificial intelligence (AI) in arbitration, and the emergence of arbitration analytics all point toward the expansion and rapid evolution of the practice.
Yet, despite its growing importance in the world of alternative dispute resolution (ADR), a number of myths persist about the nature and process of arbitration.