If you signed a contract that contains an arbitration clause, a lawsuit filed against you in civil court can come out of left field. Arbitration agreements are agreements to go to arbitration whereas mediation agreements are actual settlement agreements.What is an Arbitration Agreement? An arbitration clause is a provision in a contract that requires the parties to resolve any disputes through arbitration instead of going to court. Check your contract (or agreement) to confirm jurisdiction. The Federal Arbitration Act ("FAA") puts arbitration agreements on the same footing as contracts generally. Fill out the form below to receive more information on our Rate Structures: First Name(Required). Last Name(Required). Company. Email(Required). An arbitration agreement is a legally binding agreement that offers an alternate dispute resolution between two parties or more. Foregoing parties to carry out the Work in accordance with the Contract Documents.