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Craig R. Tractenberg, a partner at Nixon Peabody, writes that arbitration clauses do often provide speedier, less expensive and more predictable results than litigation, but overly aggressive drafting leads to unnecessary criticism to this time tested alternative to litigation. As various locales treat the clauses differently, nationwide drafting of such clauses requires awareness and sensitivity to the judicial and regulatory environment, as well as a modicum of restraint.
August 05, 2008 at 12:00 AM
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