Increasingly, many businesses are incorporating clauses that stipulate Alternative Dispute Resolution (particularly arbitration) in their contracts. But is this a good trend for companies signing those contracts?

Womble Bond Dickinson attorney Jim Myrick said companies need to think through all the possible scenarios before signing a contract mandating Alternative Dispute Resolution. He recently spoke on the topic with Charleston CEO as part of a series of short videos.

"The key reason for that is that in arbitration, your appeal rights are limited," said Myrick, Managing Partner of Womble Bond Dickinson's Charleston office. "When you sign one of those agreements, you should realistically expect that whatever the arbitrator finds is going to be binding."

Stay tuned for more short videos on litigation issues from Jim Myrick and Charleston CEO.

Click here to watch the video interview with Jim Myrick.

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