I used to advise people never to agree to binding arbitration. Arbitration can be binding or non binding.
Arbitration is a proceeding in which a dispute is resolved by an impartial adjudicator whose decision the parties to the dispute have agreed, or legislation has decreed, will be final and binding. https://en.wikipedia.org/wiki/Arbitration
Arbitration really took off in popularity in the ’80s, as the war on drugs started to clog our courts with too many cases*. In my view, it has many drawbacks, not the least of which is that you almost never can appeal the arbiter’s decision. So watch out for it as a clause in any contract, and do not agree to binding arbitration in any court dispute!
- READ http://www.citizensforcriminaljustice.net/how-the-war-on-drugs-has-destroyed-justice/ = I remember when the system worked well; justice nearly always was the result. Today it is a total train wreck – perhaps the most vivid manifestation is that we are imprisoning hundreds of innocent people every year. This is WHY it is a train wreck!
Classroom, courtroom, anywhere – NEVER agree to binding arbitration!