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arbitration agreements. org in todays rapidly changing business World conflict is inevitable but it doesnt have to lead to drawn out Court battles in fact many companies and individuals now turn to a method known as arbitration to resolve their disputes arbitration is a type of alternative dispute resolution where a neutral third party the arbitrator makes a decision about a dispute this decision is typically binding for both parties its somewhat like a private Court proceeding but less formal and often faster before we go over what an arbitration agreement is please give this video a thumbs up press the Subscribe button and hit the notification Bell so you can stay up to date about important alternative dispute resolution topics which can help your customer stay happy and keep costs low when problems occur at your company so whats an arbitration agreement an arbitration agreement is a written contract in which two or more parties agree to settle a dispute outside of Court the agre