Conflict is not always avoidable. Inevitably, many companies will find their way into a courtroom, whether chasing payment, in a dispute with a former employee or business partner, or for any number of other reasons. Though considered by some to be a better forum for resolving disputes, many business owners have not considered or misunderstand arbitration as an alternative to traditional lawsuits. The following is a brief guide that any business may use to consider whether arbitration is preferable to “a day in court.”

What is Arbitration?