As described by LawInfo in their article “Arbitration and Product Liability Claims”, arbitration is an alternative dispute resolution method where a neutral third party decides a product liability case instead of a judge or jury. Arbitration can be faster and less expensive than traditional litigation, but it may also limit appeal options and access to discovery.
Many companies include arbitration clauses in product purchase agreements, requiring disputes to be settled outside court. The article advises consumers to review these agreements carefully before filing claims.
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Article with all rights reserved, courtesy of LawInfo — https://www.lawinfo.com/
