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Published on Mar 4, 2009
Arbitration is a fraud, according to attorney Carl E. Person. He explains how consumer arbitration agreements require consumers to arbitrate any disputes which deprives them of their constitutional right to be heard in a court, by a jury. The commercial or non-commercial arbitration agreements are worse because they usually require each side to pay 50% of the arbitrator's fee, which often amounts to $300 to $750/hour or $75,000 for 100 hours (@ $750) of reported effort by the arbitrator. Most individuals and small business cannot afford to pay an arbitrator $37,500 to resolve a dispute, which means that commercial arbitration agreements not only deprive small business and individuals of a jury trial but they deprive them of the right to obtain any remedy at all. Attorney Person discusses possible ways to get around some of these problems if you are stuck with arbitration.