
Fixed-Fee Arbitration: How It Works & Why It Saves Businesses Money
Fixed-Fee Arbitration: How It Works & Why It Saves Businesses Money
In today’s fast-paced business environment, resolving disputes efficiently and cost-effectively is crucial. Traditional litigation can be time-consuming and expensive, leading many businesses to seek alternative solutions. One such solution gaining popularity is fixed-fee arbitration.
What is Fixed-Fee Arbitration?
Fixed-fee arbitration is a streamlined dispute resolution process where the costs are predetermined, providing transparency and financial predictability. Unlike traditional arbitration or litigation, where expenses can escalate unpredictably, fixed-fee arbitration offers a clear understanding of the costs involved from the outset.
Benefits of Fixed-Fee Arbitration
Cost Predictability: Businesses can budget for dispute resolution without unexpected expenses.
Time Efficiency: Faster resolution compared to court proceedings.
Confidentiality: Arbitration proceedings are private, protecting reputations.
Expert Decisions: Cases are handled by experienced arbitrators.
How Hunt ADR’s Private Arbitration Court Implements Fixed-Fee Arbitration
At Hunt ADR, our Private Arbitration Court offers a straightforward, fixed-fee structure: Document-only arbitration from £1,000 + VAT
Hearing-based arbitration from £5,000 + VAT
Final award issued within 90 days
Unlike traditional arbitration, where costs can escalate unpredictably, our capped fees mean businesses know their maximum financial exposure, which never exceeds £12,000.
Learn more: Private Arbitration Court
Conclusion
Fixed-fee arbitration presents a faster, more predictable alternative to litigation, saving businesses time and money. By choosing services like Hunt ADR’s Private Arbitration Court, companies can resolve disputes efficiently and with confidence.
Have you used arbitration to resolve a dispute? Share your experience in the comments!