Are there limitations of liability on the warranty agreement?
Arbitration Check the agreement to see if you’re able to go to court to sue. Some sellers’ terms and conditions specify that you must give up your right to go to court and, instead, take your case to arbitration. Arbitration proceedings can be speedier than a comparable proceeding in court. They may also be cheaper or, depending on the situation, more expensive. With arbitration, one person (not a judge or jury) decides the case. Appeal of that decision is extremely limited, there is often no record made, and (depending on the agreement) you may lose your right to bring a class action. Most arbitration clauses specify what organization is to set up the arbitration. Each organization has its own fee schedules and rules. This and other important information may be found on the organization’s Website. An example is http://www.arb-forum.com/. There is much controversy over the use of “binding mandatory arbitration” clauses in consumer contracts. Many business groups support them. But, many
