New York Consent To Submit Fee Dispute To Arbitration and Waive Right To Trial De Novo is a legal agreement that allows a party to submit a fee dispute to arbitration and waive their right to a trial de Nova. This agreement applies to all types of fee disputes, including those involving attorneys, accountants, real estate agents, brokers, and other professionals. This agreement is used to resolve disputes without having to go to court and is seen as a faster and more cost-effective way to settle a dispute. Generally, the parties involved must agree to use arbitration and both agree to waive their right to a trial de Nova in order to enter into this agreement. There are two types of New York Consent To Submit Fee Dispute To Arbitration And Waive Right To Trial De Novo: binding and non-binding. Binding arbitration requires that the parties involved must abide by the decision of the arbitrator, while non-binding arbitration gives the parties the option to reject the decision of the arbitrator and proceed to a trial de Nova.