Bound & Gagged
How will the battle over mandatory binding arbitration affect you?
You're taking legal action against a large company. But instead of a jury trial, you're facing an arbitrator.
It's a growing trend, as credit card companies, banks, auto manufacturers and other big businesses inform customers in fine print that any claim, dispute or controversy will be settled in arbitration, where there's no jury and no right to appeal. The result: Just 3 percent of U.S. civil cases now make it to trial. "A trial is very expensive," says Judge William Huss, a mediator and arbitrator in Los Angeles and author of Start Your Own Law Practice. Arbitration, he contends, "is fast, fair and final."
Continue reading this article - and everything on Entrepreneur!
We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.
Entrepreneur Editors' Picks
Crypto Doesn't Have to Be Serious. Just Ask This Comedian Who Organized a Conference About Failure in the Industry.
Want to Succeed? Turn Your Fixed Mindset Into a Growth Mindset.
Google's CEO Is Asking Employees 3 Simple Questions to Boost Productivity
'Greatest Storyteller Wins.' Katy Perry on the Surprising Link Between Pop Stardom and Entrepreneurship.
The 5 Personalities You Meet in a Coworking Space
'Man's Best Friend' — and Investment: The Thriving Industry of Pet-Related Franchising