Just as with court cases, there are costs associated with arbitration. Unfortunately, as with court cases, it’s very difficult to predict exactly what the costs will be, but for very different reasons. With arbitration, this is because the costs vary widely from provider to provider and are often based on the value of the case as well as how long the case lasts. There is a perception that the cost of arbitration is lower than the cost of going to court. This may be true for cases worth little money that can be resolved quickly, but as more and more complex cases go to arbitration, the costs can quickly approach—or even exceed—the costs of going to trial.
Who Pays the Fees?
Typically, both sides have to pay half the fees in arbitration. ...