Gerald M Levy

April 09, 2019 | New York Law Journal

In 1974 Major League Baseball introduced what is now known as “baseball arbitration.” If a player's representative and the club ownership cannot reach a salary agreement through negotiation, each party enters a final submission and presents its case to a panel of arbitrators which then chooses one or the other of the bids with no other result being allowed. Many real estate lawyers now advise clients to utilize this method for resolving conflicts.

By Gerald M. Levy

9 minute read