An arbitration agreement is used when a dispute arises between two parties that cannot be resolved through mutual negotiation. , its parents, subsidiaries, and related entities."Explore this comprehensive document that provides a solution for handling potential disagreements in business dealings outside of conventional methods. Employment arbitration agreements are legal contracts between employers and employees that say there will be no lawsuits filed in court for disputes. Having employees sign an employment arbitration agreement may reduce any legal expenses in the future related to employment disputes. Check out our detailed guidance on drafting an arbitration clause specifically tailored to your contract, here, and a sample clause, here. What Should Be Covered in the Agreement?