Commercial Arbitrations Lawyers and Law Firms

What is Commercial Arbitration?

Commercial arbitration refers to a dispute resolution process in which parties involved in a commercial dispute agree to submit their claims to an arbitrator for resolution, rather than to a court. In Ontario, commercial arbitration is governed by the Arbitration Act, which sets out the rules and procedures for conducting an arbitration. Commercial arbitration can be used to resolve a wide range of disputes, including those related to contracts, intellectual property, and construction.

In these matters, a law firm plays an important role in helping clients navigate the arbitration process and achieve a favorable outcome in their case. A law firm can assist clients in determining whether arbitration is the best option for resolving their dispute, in selecting an arbitrator, and in preparing and presenting their case. In addition, a law firm can provide support and guidance to clients throughout the arbitration process, helping them to understand their rights and obligations, and ensuring that their interests are protected. Ultimately, working with a law firm can help clients to resolve their disputes efficiently and effectively, while minimizing the risk of costly litigation.

Examples

An example of this could be a dispute between a company and one of its suppliers over the quality of goods delivered could be resolved through commercial arbitration. Similarly, a dispute between a company and a former employee over the terms of a severance package could be resolved through arbitration. Other examples of commercial arbitration cases include disputes between landlords and tenants, and disputes between shareholders in a corporation.