Provides State agencies will not enter into contracts with business entities that require persons or public entities to submit disputes to binding arbitration.

S 2082 prohibits New Jersey state agencies from entering contracts with business entities that require individuals or public entities to resolve disputes through binding arbitration instead of court. This directly affects state agencies (like departments or commissions) and businesses seeking state contracts, preventing them from including mandatory arbitration clauses as a condition of doing business. The law includes exemptions for existing contracts, public emergency needs, or contracts where limited competition might harm the state’s interests. It takes immediate effect and aims to preserve access to court-based dispute resolution for all parties involved.