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Contracts with arbitration clauses frequently do so in order to offer parties an alternative to traditional litigation for resolving disputes. The importance of arbitration agreements goes beyond only settling disputes between parties, even if that is their main function. Arbitration Agreements: About An arbitration agreement is a contractual provision wherein parties agree to submit any disputes arising from their relationship to arbitration rather than pursuing litigation in a court of law.  It is a consensual process that allows parties to resolve their differences with the assistance of a neutral third party, known as an arbitrator . The agreement typically outlines the rules and procedures that will govern the arbitration process. Arbitration agreements are commonly found in a variety of contracts, including employment agreements, commercial contracts, and consumer agreements.  While their primary function is to provide an efficient and confidential ...