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hi Im John from launch small business legal services done differently I get asked a lot of questions about arbitration clauses and contracts why are they in there what do they mean I thought Id share a little bit information about arbitration clauses so basically its a clause and a contract that says any dispute will be handled by arbitration as opposed to going to the court system typically people try to add them in there because they consider it a less expensive and faster way to resolve a dispute however be aware thats not necessarily going to be the case so there are pros and cons associated with arbitration on the prayer side arbitration is usually more private than a trial or a court proceeding and its less formal also an arbitrator may allow more evidence in such as testimony and documents to be considered when resolving the issue things that a judge might not allow into a courtroom or in front of a jury on the con side theres a possibility of reduced Discovery I mean you
