InterDigital Inc (IDCC)

[jaykayjones]

ams: "legally binding agreement had a get out of jail clause, by allowing arbitration."

In my contract drafting experience, all contracts, which are legally binding, have clauses that deal with the resolution of disputes that can arise legitimately during the period of contract fulfillment.

Typically, if the parties cannot resolve a dispute through negotiation between themselves, then arbitration is the next choice for resolution through third party involvment (rather than the court).

Also, it doesn't mean that the arbitrator will 'split the difference' if the issues in contention are well defined in the contract.

In short, arbitration is standard operating practice in my experience. JK