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Should I sign arbitration clause?

11 years ago

I'm about to start a $150m renovation. The builder's contract has a standard binding arbitration clause. A lawyer friend advised that I have the clause removed before signing so I have the option of litigation should a conflict arise. If the builder refuses, should I find another builder? From what I've read online, the clause is pretty standard for builders but not really in the best interest of the consumer.

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Comment (1)

marilynellis
11 years ago
I have an arbitration clause in my contract. If client refuses, I don't want their business. That's my opinion. Lawyers would much rather charge you a big fat $5,000 up front retainer fee rather than you arbitrate. Arbitration takes away their business. Ps. I have never had so unhappy client.

The most important thing is that you have properly snd thoroughly vetted your contractor, checked with BBB and contractors board snd verified references.
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