An arbitration agreement is a legal contract in which parties agree to submit any disputes or claims that may arise between them to binding arbitration, rather than going to court. Arbitration is a form of alternative dispute resolution (ADR) that is often used in commercial and consumer contracts because it is generally faster, less expensive, and more private than litigation. In the context of dentistry, an arbitration agreement is a contract between a dentist and a patient that requires the patient to arbitrate any claims or disputes that may arise out of the dentist's services.
Arbitration agreements can be beneficial for both dentists and patients. For dentists, arbitration agreements can help to reduce the risk of costly and time-consuming litigation. For patients, arbitration agreements can provide a more efficient and affordable way to resolve disputes.