The 2020 Mid-Year Economic Update_long

Forget Arbitration – Go For Jury Waiver

Pre-dispute resolution provisions should be carefully considered, along with much of the other seemingly legal "boiler-plate" provisions that show-up at the end of distribution and other contracts, before signing off on a contract that can affect a business relationship for years.
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Most distributors are familiar with written contracts (like distribution agreements) that have provisions near the end of the document that appear quite legal in nature. Generally, one set of these legal provisions relates to where and how contract disputes are resolved. Most distributors are familiar with arbitration, where the parties give up the right to have their claim heard in court, as well as their right to a jury trial. Mandatory arbitration provisions,"however, are just the tip of the ...

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