one of the advantages of arbitration is that it can be much faster than proceeding to court.
an added advantage that marc incorporates into his arbitration practice is the comfort of knowing when to expect a decison to be provided.
at the conclusion of an arbitration hearing, marc commits to a deadline by which he will render his award. (this is typically within a month.)
to provide comfort that the deadline will be met, marc builds a financial incentive into the terms of his retainer. for every day that the arbitration award is delayed beyond the deadline, marc's fee for the arbitration is reduced. he has not missed a deadline yet!
the spirit of this timing guarantee is to deliver the conflict closure intended with arbitration.