You need to know – What is arbitration?

YouNeedToKnowWeb500Arbitration is a form of alternative dispute resolution where the parties to a dispute refer it to a third party (the arbitrator), whose decision (the award) the parties agree to be bound by

Arbitration is one of the procedures authorized to settle an escrow dispute

The award made by the arbitrator is binding on all parties and can be enforced in a civil court

All parties must agree to arbitration