Not every problem in the building industry requires litigation to solve it. Our Houston construction arbitration lawyers can help you pursue alternative dispute resolution methods. We can help you capitalize on many benefits of arbitration as you address conflicts and any issues that have arisen during your project.
What Are Some Key Benefits of Arbitration?
This method of dispute resolution is a lot like litigation, but it can be a better options than going to court in some situations. The benefits of arbitration include:
Speed: This is often quicker than litigation because the proceedings move faster.
Finality: No one party can extend things by continually appealing a decision. Arbitration decisions are legally binding.
Cost: Going through arbitration is also less costly than going through a trial. This can be an especially important benefit of arbitration for smaller firms that cannot afford an army of attorneys.
Less waiting: When you go to court, you have to wait for a space on a judge’s docket to free up. Until a judge is free, your conflict keeps your project paused, potentially at a significant expense. Arbitration sessions can take less time to get off the ground, and that can mean that you resolve your problems and get back to work faster.
Is Arbitration Confidential?
Another thing that we like about arbitration is that it is more private. If you and the other parties involved agree to keep the proceedings confidential, you can do that. When you solve your problems through litigation, a court record is created. Someone who knows some details about your case can easily request those records.
If you want to keep things private and make sure that anything said while under a lot of stress cannot be used against you by others, arbitration may be the best way to go.
Which Construction Industry Entities Can Take Advantage of the Benefits of Arbitration?
Many construction industry players can enter into arbitration when problems need to be addressed. Some individuals and entities who can appreciate the benefits of arbitration include:
- Suppliers
- Public agencies
- Property owners
- Architects
- Engineers
- Developers
- Contractors and subcontractors
Should I Hire a Lawyer?
This method of dispute resolution does function a bit like litigation and its results are legally binding. Because of this, we do recommend that you talk to a lawyer and have one on your side when you are engaging in arbitration. It can be beneficial to have someone else there to help you stand up for your interests.
Contact Our Law Firm Today
If you want to learn more about the potential benefits of arbitration, contact Patout & Shaw. Our experienced construction industry attorneys can tell you more about why companies and workers in this sector should consider this method of dispute resolution.
