[pgeorgi]

It's a contractual clause that forces you to go to a private court like thingy to resolve issues instead of going to a real court of law.

It's not necessarily bad but given that there's usually one party deciding which arbitration provider to use and might even pay the bills and since those providers are a profit seeking organization at the end of the day, it's questionable if they're truly impartial. There's some research that they overwhelmingly decide for the big corp side of disputes but I'm to lazy to look it up and I'm also not sure if that's conclusive in any way (maybe the corp's position really is better?)