An "Arbitration Agreement" is an agreement between two or more parties to resolve a dispute through an arbitration process rather than through the court systems. A neutral third party arbitrator hears evidence and arguments and makes a determination as to the prevailing party and damages or other relief accorded. Key issues in Arbitration Agreements include:

• What is to be arbitrated
• What arbitration organization is to be used and what rules apply
• Whether 1 or 3 arbitrators are to be used and how they are to be selected
• Whether attorneys' fees will be awarded to the prevailing party