Chapter 2 - § 2.6 • WHY ARBITRATION?

• Jurisdiction: Colorado

§ 2.6 • WHY ARBITRATION?

Arbitration has developed because of the perceived disadvantages of dispute resolution through our judicial system, as well as perceived advantages of arbitration. These advantages include

• Reduced cost;
• Speed;
• Reduction in costly/unnecessary discovery;
• Increased efficiency;
• Expertise of the decision-maker in the subject matter;
• Flexible/informal procedures;
• Finality of decision (limited appeal);
• Confidentiality;
• Decision-maker with sufficient time;
• Party control and flexibility — the

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