The New York Oath of Arbitrator is a legally-binding agreement that is made between two or more parties, often individuals, to settle a dispute outside of court. It allows the parties to come together and decide the outcome of a dispute without the interference of a court or judge. The New York Oath of Arbitrator is typically used in cases involving business disputes, contract and employment law, among other areas of law. The New York Oath of Arbitrator is typically administered by a neutral third party who is not associated with either party in the dispute. This third party is referred to as an arbitrator and is responsible for overseeing the arbitration process, ensuring that both parties are given a fair and impartial hearing. The arbitrator will also make a final decision on the dispute. There are two types of New York Oath of Arbitrator: binding and non-binding. In a binding arbitration, the arbitrator's decision is legally binding on both parties. This means that the parties must abide by the decision of the arbitrator, even if they disagree with it. In a non-binding arbitration, the decision made by the arbitrator is not legally binding and the parties are free to reach a different agreement.