Private arbitration is the involvement of a neutral third-party to adjudicate a binding resolution in a dispute between two parties. The arbitration process begins with negotiation between the two parties; the dispute is either based on a breach or violation; or will implement arbitration as a method of resolution to an existing dispute. Pre-dispute arbitration is agreed upon before any violation occurs, and is often found as a clause in contracts, whereby any breaching party will be obligated to private arbitration, (Frey, M., p. 230). Post-dispute arbitration agreements occur when the disputing parties have agreed to arbitration; post-dispute arbitration allows a faster resolution than litigation, therefore, it may be sought after by parties seeking a timely resolution. Arbitration is a private process unlike litigation, therefore it may be more favorable in corporate cases, should its case be arbitrable. A case’s