What is the difference between binding and non-binding arbitration?

A non-binding arbitration gives you an opportunity to have a third party make a decision for you that is not going to bind you at the end of the day. Unless both parties agree to abide by that non-binding arbitrator’s decision, it doesn’t mean anything you can move on after it. In a binding arbitration, you are actually bound by what that arbitrator decides. You can’t get out of it. It’s just like a judge or a jury making a decision.

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