What Are the Common Uses of Arbitration

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The Answer is Arbitration is frequently used to resolve grievances under collective bargaining agreements. It is so frequently used in these cases that it is sometimes identified primarily as a means for resolving labor disputes. Furthermore, it is not used only in traditional labor disputes; we are increasingly seeing it used in disputes over athletes' salaries.
However, arbitration is also used to resolve a much broader range of issues: insurance and uninsured motorist claims, construction disputes, securities, real estate, intellectual property, and other commercial disputes. For example, many consumer complaints are now being handled through arbitration sponsored by Better Business Bureaus (BBBs) in more than 100 cities.
Another area that is seeing an increasing use of arbitration is technology disputes. In 2003, the American Arbitration Association (AAA) handled technology-related claims that totaled more than $1 billion.

What Are the Common Uses of Arbitration

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What Are the Common Uses of Arbitration

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