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You can usually find arbitration rules through legal resources or local legal aid groups, just like looking up directions when you're lost.
Most disputes, from business arguments to consumer issues, can go to arbitration, kind of like clearing the air over any kind of disagreement.
Generally, yes, the decision made by the arbitrator is binding, like the final whistle in a game; it’s hard to appeal it.
Yes, often both parties can agree on who will be the arbitrator, making it like picking a referee for your game, so you can trust it’s fair.
Arbitration is usually less formal than court, kind of like having a friendly discussion instead of a courtroom drama, and the rules are often more relaxed.
An arbitration clause is a part of a contract that says if there's a dispute, it will be settled outside of court, like a private chat instead of a public brawl.