Strategic Considerations: Determining The Number Of Arbitrators And Structuring Your Arbitration Clause

In today's complex legal landscape, the benefits of arbitration over traditional forms of dispute resolution like litigation have become increasingly apparent. Among the numerous advantages it offers, one stands out as paramount: the freedom for parties to handpick a neutral decision maker which they both trust implicitly. This individual holds the key to delivering a fair, well-reasoned, accurate, and balanced decision—an essential ingredient for fairness and certainty in resolving any legal dispute.

From the outset, when parties are drafting an arbitration clause to insert in their agreement, parties are presented with a crucial choice: the option to opt for a single arbitrator or a three-arbitrator panel. Recognizing the significance of this decision, this article delves into a thorough examination of the advantages and disadvantages inherent in both choices.