What matters may be referred to as arbitration?

Arbitration typically refers to the resolution of disputes outside of the court system, where the parties involved agree to submit their conflict to one or more arbitrators who make a binding decision. Common matters referred to arbitration include commercial disputes, labor and employment issues, consumer contracts, and international trade disagreements. Arbitration is often favored for its efficiency, confidentiality, and the expertise of arbitrators in specific fields. Additionally, arbitration clauses are frequently included in contracts to streamline dispute resolution processes.