A recent report identifies budgeting and time as major concerns for tech companies during litigation. Arbitration is an answer, says the report, but pros and cons exist for both dispute resolution mechanisms.
A new report from the Silicon Valley Arbitration and Mediation Center (SVAMC) and the Global Technology Dispute Resolution Council documented some of the technology sector’s biggest concerns about litigation and how they may be potentially addressed through arbitration.
Sixty-four percent of survey respondents said that cost was their top concern about litigation. The report also found that 54 percent of respondents were concerned about the time it could take to get a resolution through litigation, while an additional 46 percent reported concerns about unqualified or inexperienced judges overseeing their cases and 36 percent reported concerns about overly invasive discovery.
