Arbitration is the most traditional form of private dispute resolution. Arbitration is a binding procedure.Arbitration is an informal trial held before a neutral court official called an arbitrator. Arbitration is a mechanism for resolving disputes between investors and brokers, or between brokers. Arbitration is a contract-based form of binding dispute resolution. It is a formal process where parties select a neutral third party, called an arbitrator, to resolve a dispute. Arbitration is a form of alternative dispute resolution that allows parties to resolve family law disputes without going to court. Arbitration panels do not necessarily award the full amount sought in a dispute. You or Epic cannot proceed to arbitration without having first sent a compliant Notice of Dispute and completing the Informal Resolution period.