business ⚖️ Contract fine print is making arbitration pricey
Vague clauses in contracts are turning arbitration into a costly hassle for companies. This issue is happening across various legal setups, as highlighted by law firms globally. Currently, there are about 2.9 lakh arbitration-related cases pending in Indian courts. This ambiguity can add up to 20% to costs because parties first fight over jurisdiction. Moving forward, law firms are pushing for tighter drafting to avoid these legal headaches. ⚖️