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Binding is basically when both parties agree that the arbitrator decision is final and there is no right to appeal an arbitrator’s final decision. Non-binding is almost the same as binding except that when the arbitrator decide the resolution it is not binding on the parties and most of the times parties choose to go to trail after the arbitrator decision...
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In other cases when parties request a person who has plenty of knowledge in the subject in whom the dispute is based, they prefer to use
arbitration as a tool to resolve the conflict. It is important to take into consideration that arbitration may not be appropriate when parties want to handle the way in which final resolution is presented...
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Alternate Disputes Resolutions: Mediation And Arbitration
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