Editor’s note: This article describes a hypothetical situation.
ADR
It was a very complicated dispute. The parties threw out words like “unamortized,” “depreciation,” “EBITA” and “capital improvements.” Bob’s head was spinning. At least he had the foresight to convince the other side jointly to retain a certified public accountant to determine the “unamortized cost of tenant’s improvements according to the terms of the lease.” The parties agreed the accountant’s decision would be “final and binding.” It all sounded like an arbitration to Bob. That made him comfortable.
