Avoid cost overruns with FedArb's Fixed Price ArbitrationTM Option
One of the most disappointing aspects of litigation and arbitration today is the inability of parties to know how long a matter will take to complete, and consequently how much it will cost. FedArb offers to conduct arbitrations to disposition with guaranteed limits on time and cost. FedArb’s Fixed Price Option works as follows:
We ask parties how much discovery and how many motions and hearing days they need, and based on this input, we set a price. The parties set the date for the completion of the case, they know what the arbitration will cost, and they can avoid cost overruns.
We will include the date for completion in the contract terms so that the arbitrator or panel will issue the award within the time allotted.