Concerning arbitration: If parties have agreed to arbitrate a dispute, they must use arbitration and cannot resolve the dispute in court. Once an arbitration award is rendered, the parties are bound by the award and it cannot be set aside in court under any circumstances. A weakness of arbitration is the inability of the winner to go to court to enforce the award if the loser refuses to pay or abide by it. A strength of arbitration is the fact that arbitration awards stand as precedents for future arbitration decisions like court's decisions do.