Arbitration institutions are organizations that facilitate the resolution of disputes outside of traditional court systems. They provide a structured process for arbitration, where an impartial third party, known as an arbitrator, makes binding decisions based on the evidence and arguments presented by the parties involved. These institutions often have established rules and procedures to ensure fairness and efficiency in the arbitration process. Examples of well-known arbitration institutions include the International Chamber of Commerce (ICC) and the American Arbitration Association (AAA). These institutions help manage cases, appoint arbitrators, and provide administrative support, making them essential for parties seeking a reliable and effective means of resolving conflicts without litigation.