What factors should I consider when selecting an arbitration forum?
When selecting an arbitration forum, here are some key factors that should be taken into consideration: 1. Timeliness: You should consider the speed at which decisions will be made in the arbitration process, considering how quickly you are in need of a resolution. 2. Cost: Depending on the forum, you may have to pay an administrative fee or other related costs, so it is important to inquire about these expenses. 3. Experience: When selecting an arbitration forum, you should make sure to understand its experience in the field of arbitration law, specifically in Delaware. 4. Neutrality: Depending on the requirements of the dispute, you may wish to select a forum that is neutral, which would not favor one side over the other. 5. Rules and procedures: It is important to know the rules and procedures of the arbitration forum you are selecting. This includes understanding how and why decisions are made, the process of discovery, and other details. 6. Location: Depending on the nature of the dispute, the location of the arbitration forum may be important. This is especially true if the parties are located in different cities or states. In summary, selecting the right arbitration forum is important for achieving a satisfactory resolution. When selecting an arbitration forum, you should take into consideration the timeliness, cost, experience, neutrality, rules and procedures, and the location of the forum.
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