Settling out of court: how can you have a final and binding decision over a business dispute out of court? Arbitration is the only definitive solution. (Close Up).

From: International Trade Forum | Date: October 1, 2002| Author: Imhoos, Christophe; Verbist, Herman | Copyright information

You are a South American company entering into several agreements with different buyers in Asia and Africa. The last thing you want is to be entangled one day in a dispute before the other parties' courts. Incidentally, they feel the same about your own courts! Arbitration may then be what you are looking for, but remember... the arbitration option must be spelled out clearly in your contracts, and it is not free.

Q What is arbitration?

A Arbitration is an out...

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