Indeed, only five out of the 330 complaints brought since the scheme started have required arbitration.

Companies that require arbitration say the process is fair, inexpensive, faster and less traumatic for everybody than lawsuits.

For two decades, New Jersey has required arbitration in civil cases.

But the new rule may at least cause some firms to not require arbitration, making this a competitive matter among firms.

As the company liquidated, they felt they were owned money by the government, but the case required lengthy arbitration.

Any provision which purports to require arbitration shall be void at the option of the equity seller.

A related case of Ladd & Co. required lengthy arbitration.

Other states have speeded up the settlement process and relieved pressure on the courts by requiring mandatory arbitration before trial.

Commercial contracts between businesses often contain boilerplate clauses requiring arbitration.

It requires binding arbitration for workers who are considered most vital to the public, including firefighters and police officers.