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Both sides to the dispute must agree to arbitrate before any arbitration can start.
A family arbitration agreement can be binding only if:
If these conditions are not met, the arbitrator's decision may not be enforceable in court.
Parties also run the risk that their family arbitration agreement will be set aside by the court if one of them is found to have failed to make relevant financial disclosure or did not understand the nature or consequences of the agreement.
It is important to spell out in the arbitration agreement the questions that the arbitrator is to decide. The arbitrator has no power to make decisions on issues he or she is not asked to decide.