Binding Arbitration

Binding arbitration is a method of resolving disputes outside of court. In this process, both parties agree to submit their conflict to an impartial third party, known as an arbitrator. The arbitrator listens to both sides, reviews evidence, and makes a decision. This decision is final and legally enforceable, meaning that neither party can appeal the outcome in court. Binding arbitration is often used in contracts and agreements to speed up resolution and reduce costs compared to a trial. It provides a structured process for conflict resolution while maintaining confidentiality.