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Derek Johnson from tatango.com speaks with Joe Bowser of Innovista Law about arbitration agreements and their significance in text message marketing. Joe explains that an arbitration agreement is a contract between parties to resolve disputes through arbitration rather than in court, typically facilitated by organizations like AAA or JAMS. These organizations provide arbitrators who function similarly to judges. The core concept is that both parties agree to handle potential disputes via arbitration, which bypasses traditional court proceedings. Joe emphasizes the relevance of these agreements in the context of the Telephone Consumer Protection Act (TCPA).