Whether they know it or not, and many do not, Americans go about their daily lives and conduct important and personal business while tied to forced arbitration contracts. Corporations routinely oblige individuals to sign away their rights by inserting just a few sentences in the fine print of contracts for cell phones; credit card applications; payday and car loans; job applications and employee handbooks; gym memberships and coupon offers.
Forced, or privatized arbitration makes it extremely difficult for everyday Americans to prevail against a corporation and obtain justice for injury or loss.
A new executive order has been signed, blocking mandatory arbitration clauses in employment agreements. What does this mean for employees?