NAICS Code 541199-01 - Arbitration Services

Tools commonly used in the Arbitration Services industry for day-to-day tasks and operations.

• Arbitration agreements
• Arbitration rules and procedures
• Mediation techniques
• Case management software
• Legal research databases
• Document management systems
• Video conferencing software
• Electronic signature software
• Conflict resolution training programs
• Expert witness directories

Common products and services typical of NAICS Code 541199-01, illustrating the main business activities and contributions to the market.

• Commercial arbitration
• Labor arbitration
• Construction arbitration
• International arbitration
• Securities arbitration
• Consumer arbitration
• Insurance arbitration
• Environmental arbitration
• Intellectual property arbitration
• Real estate arbitration

A concise historical narrative of NAICS Code 541199-01 covering global milestones and recent developments within the United States.

• Arbitration Services have been used for centuries as a way to resolve disputes outside of the court system. The earliest known example of arbitration dates back to ancient Greece, where disputes were resolved by a panel of judges. In the United States, arbitration gained popularity in the early 20th century as a way to resolve labor disputes. The Federal Arbitration Act was passed in 1925, which made arbitration agreements enforceable in federal courts. In recent years, arbitration has become more common in consumer and employment disputes, with many companies including arbitration clauses in their contracts. Notable advancements in the industry include the use of technology to conduct virtual arbitrations and the development of specialized arbitration rules for certain industries. Recent history in the United States has seen a rise in the use of arbitration in consumer and employment disputes. In 2018, the Supreme Court ruled in Epic Systems Corp. v. Lewis that employers can require employees to sign arbitration agreements as a condition of employment. This decision has led to an increase in the use of arbitration in employment disputes. In the consumer context, many companies have included arbitration clauses in their contracts, which has led to criticism from consumer advocates who argue that arbitration can be unfair to consumers. In response, some states have passed laws limiting the use of arbitration clauses in certain contexts. Overall, the use of arbitration in the United States has become more widespread in recent years, with both supporters and critics of the practice advocating for their positions.