Binding arbitration clauses are standard boilerplate language in many Virginia contracts. Unfortunately, most people skip over them. Some figure that they have no choice but to agree to the clause, while others assume arbitration will provide a fair, low-cost option for resolving a dispute.  These assumptions often prove incorrect. Arbitration proceedings can work to your disadvantage, so there are situations where it makes sense to negotiate to have a binding arbitration clause revised or removed.  But what if it’s too late and you’ve already signed a binding arbitration clause? How binding is it? An Alexandria business dispute attorney reviews statutory […]

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