So, how does arbitration work?
So, the way I've seen it, using pretty much any modern company's services requires signing a TOS that includes an arbitration clause. Assume a company wrongs me and I go 'ok i wanna sue them' and get forced into arbitration. Does that follow like, regular law but behind closed doors?
Who presides over the arbitration? Presumably, whatever billion dollar company arranges the arbitrator. How do I as the potentially wronged individual know that the arbitrator is non biased? If it is non-biased, why does arbitration benefit the company? Is there an explicit kind of 'NDA' associated with the arbitration process?
Just curious about the whole process, really.