Arbitration is a process where a neutral third party decides the outcome of a claim. Whether it's good or bad for you depends on your case.Arbitration is the agreed tender of a legal dispute to a neutral party who renders a binding decision. Arbitration is often confused with mediation. Arbitration is a means of resolving a dispute arising out of a contractual real estate matter that the parties have been unable to resolve themselves. The following rules apply to those courts which have elected to use the alternative dispute resolution. Arbitration is the most traditional form of private dispute resolution. Arbitration is a binding procedure. In order to proceed with case administration, the ICDR® must verify, on a threshold level, whether we have the administrative jurisdiction. In Georgia, all arbitration is non-binding.