Written contracts may contain an arbitration clause. By using such a clause, the parties agree to arbitrate any future disputes.The decision of the arbitrator shall be final and binding on the parties, and judgment thereon may be entered in a court of competent jurisdiction. The arbitrator shall be authorized to award all relief that you or the Company would be entitled to seek in a court of law. This page contains Arbitration clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses. Arbitration is a process wherein a dispute or allegation of misconduct is resolved outside of litigation. Act (FAA) was to place arbitration clauses on equal footing with other contracts. Arbitration clause is a contractual clause that specifies arbitration as the method for resolving disputes, avoiding court litigation. Currently, more than 30 percent of employers include class action waivers in their mandatory employment arbitration procedures.