Arbitration is a private process for dispute resolution outside of the court system through an arbitral body. The parties present arguments and evidence to a dispute resolution practitioner (the arbitrator). The arbitrator reviews the evidence and then makes a decision on the dispute at hand, which determines the rights and obligations between the parties involved.
The Arbitrator’s decision can be binding or non-binding, depending on what the parties agree. If the decision is binding, the Arbitral Award and any Orders can be enforced by a court of law.