{"id":3427,"date":"2020-06-26T03:11:04","date_gmt":"2020-06-26T03:11:04","guid":{"rendered":"https:\/\/www.gaudylaw.com\/?p=3427"},"modified":"2022-08-10T18:04:07","modified_gmt":"2022-08-11T01:04:07","slug":"youve-heard-about-arbitration-agreements-they-are-lifesavers-for-businesses","status":"publish","type":"post","link":"https:\/\/gaudylaw.com\/business-legal-tips\/youve-heard-about-arbitration-agreements-they-are-lifesavers-for-businesses\/","title":{"rendered":"You&#8217;ve heard about arbitration agreements (they are LIFESAVERS for businesses)."},"content":{"rendered":"\n<p>Ask any business that has been involved in a lawsuit.&nbsp;It is&nbsp;<strong>expensive<\/strong>, requires&nbsp;<strong>substantial time<\/strong>&nbsp;and&nbsp;<strong>resources<\/strong>, and can create&nbsp;<strong>terrible working morale.<\/strong><br><br>Add to that the potential for class-action lawsuits, and businesses could be forced to close from the weight of defense fees and settlement amounts.<br><br>Good news! Lawsuits involving your employees in state and federal courts, including class action lawsuits,&nbsp;<strong>can be avoided through the use of arbitration agreements and class action waivers.<\/strong><br>&nbsp;<br>In a landmark 2018 decision, the U.S. Supreme Court held that class action waivers in arbitration agreements are fully enforceable. This was a complete reversal of California law and a&nbsp;<strong>welcome win for employers and businesses.<\/strong>&nbsp;<br><br>However, if arbitration agreements with class action waivers are&nbsp;<strong>properly implemented<\/strong>, employers can avoid the expense and disruption of court-based lawsuits and class-wide litigation by resolving disputes individually through binding arbitration.<br><br>Arbitration works much like a court proceeding, but it has&nbsp;<strong>substantial benefits:<\/strong><\/p>\n\n\n\n<ul><li>Lower costs<\/li><li>Greater efficiency and speed<\/li><li>The ability to choose expert adjudicators to resolve specialized disputes<\/li><\/ul>\n\n\n\n<p>Still, employers who want to utilize arbitration agreements should seek legal advice in the preparation of its arbitration agreements and class action waiver provisions.<br><br>They are not uniformly enforced but will depend on how those provisions are drafted.\u00a0<br><br>Get yours done and get it done right!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ask any business that has been involved in a lawsuit.&nbsp;It is&nbsp;expensive, requires&nbsp;substantial time&nbsp;and&nbsp;resources, and can create&nbsp;terrible working morale. Add to that the potential for class-action lawsuits, and businesses could be [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[490],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/posts\/3427"}],"collection":[{"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/comments?post=3427"}],"version-history":[{"count":1,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/posts\/3427\/revisions"}],"predecessor-version":[{"id":6065,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/posts\/3427\/revisions\/6065"}],"wp:attachment":[{"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/media?parent=3427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/categories?post=3427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/tags?post=3427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}