Video – Attorney Michael Campbell Explains How Binding Arbitration Can Settle Business Disputes
Video Transcript
Michael Campbell – Business Dispute Attorney – Pierce County, WA
“But the arbitrator is a substitute for a judge, and the arbitrator will be able to issue, by virtue of their contract, any resolution of that contract that’s within his scope of authority.”
Ray Hrdlicka – Host – Attorneys.Media
“So that’s now a binding arbitration. If it’s not a binding arbitration, is that process fruitless? Needless?”
Michael Campbell – Business Dispute Attorney – Pierce County, WA
“If it’s not binding, it’s probably…probably pointless to begin with.”
Ray Hrdlicka – Host – Attorneys.Media
“Pointless. Much better word.”
Michael Campbell – Business Dispute Attorney – Pierce County, WA
“You really need to, you really need to… make, if you’re going to have an arbitration clause in your contract, it should be binding arbitration. And so that will end the dispute. There may be situations in which an arbitrator’s decision can be appealed to courts, but usually… usually that’s not done. Usually the arbitrator has the final say.”
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