1. ARBITRATION

2. Whenyou´remaking a businessdeal, it´salwayswise to readthesmallprinti yourcontract. Companiesoftenincludemandatoryarbitrationclauses in theircontractwithsuppliers and customers. Thismeansthatany disputes must be resolved through legal arbitration. Such a clausewillusuallyspecifywhether a legal arbitrationislegallybindingornot. Itmayalsoincludedetailssuch as thelocationforthearbitration and whopaysattorneyfees and courtcosts.

3. Thisisgoodforthe Company, butitmaynot be goodforyou. Companieschoosearbitrationbecauseit´scheaper, faster and more flexible. Buttheremay be a number of disadvantages to theconsumerorsupplier. 1. Youwaiveyourrights to have a judge and jury decide the case. 2. Youmay be required to payprohibitive legal costs, and recovery of attorneyfeesmay be unavailable.

4. 3. Thearbitration fórum maydependonthecorporationforrepeatbusiness. Thismeanstheymayhavean incentive to rule in their favor. 4. There are limitedavenuesfor appeal. Erroneousdecisionscannoteasily be overturned. 5. Awardsmay be fiercelyfought, resulting in hugelegal expenses.

5. Overturnederroneousprohibitive limitedwaivespecifymandatory 1 Mary had no choice, payingthe fine was __________ 2 Thebank manager wouldnot ____________ thefee 3 The decisión onthematteris final and can´t be___________________ 4This informationis ______________ and must be corrected

6. Overturnederroneousprohibitive limitedwaivespecifymandatory 5 Thecostswere so ____________ that Jacob couldn´tafford to pay 6 Thenumber of Jobs availableis____________, so finding a oneishard 7 Theclientdidnot____________ whichlawyer he wascallingfor