Legal analysis: Arbitration is a legally binding decision made by an arbitration institution for the third party according to the agreement of the parties and relevant regulations. China has arbitration matters stipulated in the Arbitration Law of People's Republic of China (PRC). Based on the wishes of both parties, there must be an arbitration agreement; The arbitral award is legally binding and can be applied for enforcement.

Legal basis: Arbitration Law of People's Republic of China (PRC).

Article 2 Contract disputes and other disputes over property rights and interests between citizens, legal persons and other organizations as equal subjects may be arbitrated.

Article 4 When settling disputes through arbitration, the parties shall voluntarily reach an arbitration agreement. If there is no arbitration agreement and one party applies for arbitration, the Arbitration Commission will not accept it.

Article 5 If the parties reach an arbitration agreement and one party brings a suit in a people's court, the people's court will not accept it, unless the arbitration agreement is invalid.