What is arbitration?

Arbitration is a process where two parties agree that rather than bringing any dispute to court with a lawsuit, they will go to a neutral third party and have that party hear the evidence, hear the dispute, and make decisions that will bind them to a resolution of the dispute. It’s an out of court process by which a neutral party decides the dispute. By agreeing to arbitration, the parties agree to waive their right to a jury trial as well.

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