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While arbitration can be great, Schlesinger Conrad rarely recommends binding arbitration.  The difference is that with regular, non-binding arbitration, if you do not like the outcome, you have an opportunity to have the court review the arbitrator’s decision.  With binding arbitration, the arbitrator’s decision is final.  This is important because the degree of arbitrator’s skill, and even their knowledge of the law, can vary greatly.  In Maricopa County, for example, arbitrators are frequently just appointed to any case where the amount at issue is under $50,000.  You may end up with a divorce attorney handling your commercial contract dispute.  Many insurance contracts require arbitration for anything from the value of your property to the claim itself.  With binding arbitration, you may have no recourse.phx state capital