California Employment Law
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I have a breach of contract in a business to business contract that has a binding arbitration clause. My damages are quite severe in this situation - as a lost volume seller alone. Losses are anywhere between $1.5MM up to $25MM. Does arbitration limit my claim or my ability to recoup as opposed to a law suit? My attorney is out of town right now, but he informed me before he left that the company is clearly in breach of contract and we have the superior position. I am just trying to understand how arbitration will affect my claim, if at all. I want to see if there is any information I can research as well into arbitration cases where there is a high financial loss to one party and if arbitration is satisfactory in seeking these kind of resolutions.