Support Arbitration as A Method to Efficiently Resolve Disputes

Background:

• Arbitration has been used to amicably resolve disputes for more than 80 years. Arbitration is an efficient, effective, and less expensive means of resolving disputes for consumers, employers, investors, employees and franchisees, in addition to the many businesses that use the same system to resolve business disputes. Disputes are resolved in time frames that are significantly shorter than the lengthy litigation process which takes, on average, two years.

AGC Message:

• Nullifying Existing Arbitration Agreements will Create Widespread Uncertainty. Agreements are in place that give consumer and employees recourse should a dispute arise. Removal of this existing agreement will have a detrimental effect on employers and limit the options for resolving disputes.
• Eliminating Pre-Dispute Arbitration, Essentially Eliminates Arbitration. Once a dispute arises, parties are less inclined to go to arbitration. Pre-dispute arbitration is a fairer and more cost effective way of resolving disputes.
• Arbitration Disputes are Generally Small and Easily Resolved. The greatest number of disputes are small and litigating the dispute often is more expensive than the claim. Seldom do these types of cases go to class action and removing arbitration gives consumers only two options to resolve the dispute: try to navigate the legal system on their own, or to abandon their claim.