ARBITRATION & NONSIGNATORIES
By Kenneth S. Grossbart, Abdulaziz, Grossbart & Rudman
As many of you are probably aware, arbitration is a less formal means than trial in deciding a dispute. It is usually less expensive than going to trial as well. Many times, parties end up in arbitration because there was an arbitration clause in the contract that the parties all agreed to. Generally, only the parties to the arbitration agreement are bound to the arbitration agreement or can enforce the arbitration agreement.