Jenner & Block

Client Alert: Submission Agreements – How to Join the Pandemic Arbitration Party Even If You Weren’t Invited

The pandemic is a great time to revisit and highlight the utility of submission agreements—agreements that allow parties without pre-existing arbitration clauses to choose to submit a particular dispute to arbitration.

Arbitration is often seen as having three principal advantages over traditional litigation:  it is cheaper, faster, and confidential.  However, during the COVID-19 pandemic, another, less often-cited advantage of arbitration has come to the forefront:  its flexible, party-driven nature.  That flexibility is allowing many parties to adapt to the current set of circumstances and initiate or move forward their disputes even in these challenging times.

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