The important role and positive perception of arbitration among businesses today probably would not exist without the Federal Arbitration Act.

Question

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The important role and positive perception of arbitration among businesses today probably would not exist without the Federal Arbitration Act (FAA). Prior to the enactment of the FAA, our common law system preferred litigation over arbitration as a means of resolving disputes.

The Important Role and Positive Perception of Arbitration Among Businesses