Most of the time, the parties will have signed an agreement providing for arbitration in the event of a dispute. Such agreements are fully enforceable in American courts (and the courts of many other countries), and an award may be obtained against a party who agreed to arbitrate but refuses to participate in the process. If you do not have a pre-existing agreement to arbitrate, the same advantages that appeal to you about arbitration may well appeal to the other side: having the ability to select your own arbitrator(s); saving time and money with this streamlined process; avoiding publicity (arbitrations are private, unlike court proceedings); flexibility - the arbitration process can be designed specifically to meet the needs of the particular dispute.