International Arbitration Law
An international arbitration attorney in Dallas provides options
It is not always necessary to litigate your case in order to successfully resolve it. International arbitration in Dallas can be an attractive alternative for several reasons, including the following:
- It can be more cost-effective than going to court. Any time your Dallas international arbitration lawyer must make extensive preparations for trial, and then advocate for you during court proceedings, substantial legal fees may be incurred. Arbitration leaves the courts out of the process. Instead, you and the other party meet with your Dallas international arbitration attorneys and a neutral third party to discuss, and attempt to resolve, your legal issue.
- It can be less time-consuming than litigation. Often, trials take months, or even years, to come to completion because courts require certain forms, documents and regulations to be met before a date can even be set for a trial. Once a date is set, if complications and appeals arise, the process can be delayed even further. With Dallas international arbitration, it is far simpler to arrange a meeting time with the other party and attorneys than to wait for local governments to hear your case.
- It can sustain a business relationship. Litigation is an adversarial resolution method, and although arbitration does involve a difference of opinion, it is a far more collaborative and cooperative process than taking your matter to court, which may result in the permanent severance of a business relationship. If you think that you may want to do business with the other party in the future, or continue doing so after your dispute is resolved, arbitration provides that option.
Possible disadvantages
No process of settling a legal quandary is without its drawbacks, and arbitration is no exception. Certain individuals feel that arbitration is too informal a process and does not provide the justice and satisfactory outcome that can be obtained by going to court. Also, once the arbitrator makes a decision, it is legally binding. If you feel that the decision does not reflect your best interests, the only remaining option is litigation.