Bargaining for an Arbitrator’s Decision–Know what you are getting

2019-06-04T13:48:37-06:00June 6th, 2019|Arbitration, Construction Contractor Advisor, Limitation of Liability|

Construction contracts have often included arbitration clauses and they can serve a good purpose of expediting resolution. But, what happens if the arbitrator gets it wrong? Your options are limited, and as one court stated: the parties bargained for an arbitrator’s decision; if the arbitrator got it wrong, then that was part of the bargain A recent case out of the Eight Circuit Court of Appeals (covering Arkansas, Iowa, Minnesota, [...]