With all big companies seemingly colluding to update their terms of service at the same time recently to include something about “ARBITRATION” – can someone please explain what this Arbitration agreement is?

Question

With all big companies seemingly colluding to update their terms of service at the same time recently to include something about “ARBITRATION” – can someone please explain what this Arbitration agreement is?

In: Other

Answer 1

It’s not collusion, it’s usually in response to changes in laws that either require them to change how they operate, allows them to do something different, or changes how they are required to communicate something.