Use of Binding Arbitration Beneficial
Since the establishment of our Committee some 20-plus year ago to help builders and customers settle disputes that can sometimes develop between them it is becoming more and more obvious that parties are recognizing the use of binding arbitration to secure final resolution to disputes, in a more timely, cost effective manner than becoming involved in litigation. Such has certainly been the case on the part of our Committee’s observations and we strongly encourage all builders to include binding arbitration clauses in your contracts of sale. It’s one of the best tools available for you and your clients use, should disputes arise.
All Model Builder Contracts developed by the Association, in conjunction with legal counsel for builders use, have such arbitration provisions incorporated into them. Please contact the association offices if you would like to receive copies of them and they will be provided to you. You can also download them if you wish from the WABA members only part of our wabahome.com website.