Learn how arbitration can resolve certain disputes out of the court. Instead of a judge, impartial arbitrators make the legal decision.Furthermore, the arbitration will be final and binding on both your attorney and you, unless either of you seeks a trial de novo within 30 days, which means. In an arbitration agreement, the parties agree to submit disputes to arbitration. One of the most essential requirements of a valid arbitration agreement is that the dispute in question must be "arbitrable" in nature. Arbitration is a mechanism for resolving disputes between investors and brokers, or between brokers. What is binding arbitration? Binding arbitration involves the submission of a dispute to a neutral party who hears the case and makes a decision.