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Absent a statutory violation under the relevant arbitration act, a court will likely uphold the parties’ agreed-upon selection of the award’s form, regardless of their satisfaction (or dissatisfaction) with the award’s contents.
Avoid costly legal traps by understanding the critical differences between standard, reasoned, and detailed arbitration awards before you sign your next contract.
I represent various industry players in construction contract negotiations and, invariably, at least one party wants a “waiver of consequential damages” clause in the agreement.
Unexpected conditions below the surface can lead to major disputes. A recent case between Skanska Civil USA and the U.S. Navy reveals the high stakes of differing site conditions and the importance of thorough pre-bid review and due diligence.
Attorney Steve Nudelman discusses a recent New Jersey appellate court decision in Lahoud v. Anthony & Sylvan Corp., which scrutinized an arbitration clause deemed one-sided in favor of the contractor.
Columnist Steven Nudelman highlights the importance of understanding arbitration as a binding dispute resolution method and the potential limitations on legal rights when accepting digital contracts.
Understanding waivers of subrogation and their effect on the contractor and subcontractor allows parties to construction contracts to better allocate their risk and negotiate the contract price. It is crucial to consult insurers before entering into such an agreement.
When it comes to arbitration in a contract dispute, it is important to remember to read the contract. Courts give parties wide latitude to structure their own arbitration agreement. Parties may agree on arbitration as a method of dispute resolution, the specific rules to be followed and the scope.