Arbitration Clause

Definition

Contract provision requiring disputes to be resolved through arbitration rather than courts, common in gig platform agreements.

Related Terms

Class Action Waiver

Contract provision preventing workers from joining together in lawsuits against the company, requiring individual claims.

FAQs

Can I opt out of arbitration?

Some platforms allow opt-out within 30 days of signing - read the terms carefully.

Similar Terms

NDA (Non-Disclosure Agreement)

Legal agreement preventing sharing of confidential information about a client's business.

Contract

Legal agreement outlining project terms, payment, deliverables, and responsibilities.

LLC (Limited Liability Company)

Business structure providing personal liability protection while maintaining tax flexibility.

Sole Proprietor

Simplest business structure where individual and business are legally the same entity.

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Last updated: January 18, 2026

Reviewed by GigFinance Team, Gig Economy & Finance Experts

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Important Disclaimer: This content is for informational purposes only and should not be considered tax, legal, or financial advice. Consult a qualified professional (CPA, tax attorney, or financial advisor) for advice specific to your situation.

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