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The Secrets of Arbitration
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:03:14
- More information
Informações:
Synopsis
Every day Americans sign arbitration agreements without being aware of it. For too many, reading the fine print contained in a contract or terms of service is time consuming, hence, it’s passed over. But arbitration agreements are everywhere and every day consumers are waiving the right to have their day in court. Commercial arbitration agreements are everywhere because they provide a unique advantage to corporate America–secrecy. Arbitration removes the transparency of the courts and provides privacy protection for business. That’s because most arbitration proceedings are confidential- meaning the public can never truly know how a business operates when it comes to consumer wrongdoing. While the federal arbitration statute itself doesn’t require confidentiality, most agreements to arbitrate do. There is one exception. Consumers who feel they have been wronged in an arbitration can appeal to the court to vacate the decision of an arbitrator. When that happens, anything included in court documents become publ