What kinds of disputes can be brought to arbitration?
Arbitration is a way to resolve disputes in a private setting outside of court. In Delaware, arbitration is governed by the Federal Arbitration Act and may be used for dispute resolution in a variety of contexts. Commonly, parties to a contract can agree to submit disputes to arbitration instead of court proceedings. In Delaware, arbitration may be used to settle disputes related to civil matters, such as breach of contract, employment law, consumer and product liability claims, real estate, construction, and professional malpractice, such as medical negligence or legal malpractice claims. Similarly, it can also be used to resolve disputes related to business and commercial law, intellectual property, construction contracts, and family law matters such as child custody disputes or disputes over property division in a divorce. Generally, this form of dispute resolution is quicker and less expensive than court proceedings, which can be especially beneficial in cases involving a large number of parties or complex legal issues. Additionally, unlike in court proceedings, the parties in an arbitration can agree to select an arbitrator who has specific knowledge of the subject matter in dispute. The use of arbitration to resolve disputes is an increasingly popular alternative to traditional litigation in Delaware and throughout the United States. When considering whether to use arbitration to settle a dispute, parties should consult a knowledgeable attorney to determine whether arbitration is the best option for their situation.
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