The last time you met with a new doctor, you were probably given an “arbitration agreement” along with all of the other paperwork you were asked to complete and sign. A similar arbitration agreement will also probably be handed to you the next time you are hired by a large corporation or when you enter into any consumer contract for products and services. So, what is an arbitration agreement, and why are so many of doctors, employers and consumer companies so anxious for you to sign one?
An arbitration agreement requires that—in the event of a dispute—you are waiving your right to a jury trial, and you agree that any dispute shall be resolved through a more informal process where your dispute shall be decided by an arbitrator. Here are a few things you should know about the abritration process:
When presented by a mondatory arbitration agreement…just say no.