Greenberg Traurig’s study of the website practices of the Fortune 500 revealed that of the 28% of Fortune 500 companies that have an arbitration provision in their terms of use agreement, the companies were split as to which arbitration provider (if any) was named. The American Arbitration Association has the largest percentage at 56%, with
A recent study by Greenberg Traurig revealed that 92% of Fortune 500 companies have a website terms of use agreement in place. This data not only underscores the significance of such agreements for large enterprises but also emphasizes the Fortune 500’s understanding of the importance of terms of use as a crucial legal protection for