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BLINC sounds like a new social network or tech device, but it is a mnemonic device designed to remind you of the important factors when drafting an arbitration clause. It'll also help when you are reviewing a contract and reading someone else's terms.
If you don't BLINC you might miss all there is to get about these agreements. Increasingly arbitration agreements are a condition of closing deals and doing business. Know what you need to about these all-important alternatives to litigation.
BLINC Spelled Out
Eric Sherby specializes in international litigation and arbitration, and he advises familiarizing yourself with BLINC in the Journal of the American Bar Association. So let's spell it out.
Get Help Drafting
You could use help resolving disputes in the future and shouldn't hesitate to turn to arbitration. But to ensure that you are getting the best alternative dispute resolutions you can, get help setting up the conditions. Talk to a lawyer about drafting a model arbitration clause or any other aspect of business operations that concerns you. Don't do it all alone.
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