Arbitration is defined as a process in which a neutral third party (often an industry expert) hears a dispute and renders a decision that is nearly always final and binding. Once a party consents to arbitration, the party waives his or her right to bring the dispute through the traditional litigation process. No courthouse. No judge. No jury. No appeal. If you use a credit card, own a cellphone, or watch TV, you've probably agreed to arbitrate as part of the initial contract you entered into in exchange for these goods and services. Arbitration also often occurs in the workplace in much the same way - a prospective employee agrees to arbitrate any claims that may arise from the workplace in exchange for employment and typically as part of the stack of documents they sign as part of the hiring process. Business and employees often prefer arbitration because its (relatively) cheaper, (relatively) faster and confidential - all things the traditional litigation process is not.

Question: Search the Internet for an arbitration agreement that affects your rights. It may relate to a product you own, a service you use, a place you used to work or the industry you want to one day be a part of. Then, give a brief description of the arbitration agreement or clause you selected and explain how it pertains to you. Also indicate whether you think its fair and just for you (and/or other consumers/employees) to be required to abide by the arbitration agreement. Explain why, or why not in detail and thoroughly.