If DroneTek signs the contract and a dispute arises with BigBox under the contract, what is likely the most cost-effective way for DroneTek to resolve the dispute?
A) Ignore the forum selection clause and file a counter-suit in DroneTek's home state of Sweden.
B) Litigate the lawsuit in Illinois, as per the forum selection clause in the contract.
C) Request arbitration as it is cheaper than litigation.
D) Litigate the lawsuit in Illinois because arbitration is not allowed under international law.
E) Litigate the lawsuit in Illinois because arbitration awards are not recognized under international law.

Question

Quizplus · Accepted Answer

Arbitration is generally considered more cost-effective and quicker than litigation, making it a preferable option for resolving disputes.

If DroneTek Signs the Contract and a Dispute Arises with BigBox