Disputes between Texas businesses may involve more than a simple understanding of the law. Some business projects operate with terminology and concepts that many people have never heard of outside of that field of industry. This can become a problem if two businesses have a dispute and are considering going to court. This issue is why some disputing businesses prefer an alternative means of resolution like arbitration.
As explained by Entrepenuer.com, if you take your dispute with a business to court, you do not choose the judge that will hear your case. Consequently, you may have a judge that does not understand the industry you and the other business operate in. During the trial, you or your legal team might have to explain business terms and concepts to the judge, which can slow down the proceedings.
Arbitration offers ways to counter a needlessly slow trial. Unlike a court trial, you have more control over who will serve as an arbitrator over your case. Perhaps more importantly, you can seek an arbitrator who understands the concepts behind your business. If you have a subject matter expert serving as arbitrator, you do not have to worry about slowing down the proceedings to explain concepts to the arbitrator.
Arbitration can also be beneficial if privacy is a concern. Your dispute may involve sensitive business information that you do not want revealed to the public. While a court trial is public, arbitration proceedings are not. You do not have to worry about a public audience sitting in on the arbitration, and unlike court trials, transcripts taken during an arbitration are not made part of public record.
Also keep in mind that not all arbitrators are heard by a single individual. Disputing parties, for varying reasons, may desire to have their case heard before a panel of arbitrators. If your business dispute involves complex business matters, you can seek to have a whole panel comprised of arbitrators who are experts in your business field.
This information in this article should not be interpreted as legal advice. It is for educational purposes only.