Then, the other piece to consider is that there will be a magistrate (or judge or arbitrator) in real life who will be making a decision...so, you'll need to make some business risk decisions considering all of these factors.

However, Owner shall pay a$500 cancelation fee if Owner cancels agreement within ninety (90) days of the Premises being vacant andrent ready for a tenant.INDEMNIFICATION: The Owner shall indemnify, defend and hold Agent harmless from and against any andall debts, claims, demands, lawsuits, regulatory proceedings and all damages, costs (including withoutlimitation, settlement costs) and expenses (including, without limitation, reasonable attorneys’ fees, expertfees, legal costs and arbitrator fees) (Claims) brought by Tenants, or third parties arising from, or relating to,the Tenants, the Property or this Agreement except for Claims arising out of Agent’s gross negligence orintentional malfeasance and misconduct.

Though my attorney is one of the top real estate attorneys on Staten Island and he definitely put mandatory arbitration clauses in there, I'm going to definitely have a conversation with my lawyer about some of the things you brought up.I appreciate your advice on the subject. 

Most contracts have a section in regards to how to handle disputes such as "mediation and/or binding arbitration" section for such mattersKeep in mind that when you sign a purchase agreement, and all contingencies have been fulfilled, the purpose of the contract is for both parties to perform and be protected.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

Another is to set a 3rd party arbitrator to settle any dispute that comes up in case you do a 50% split on ownership. 

But this seems like a communication problem, where they are not trying to settle this direct and want instead to arbitrate via attorney, which is a poor choice of initial negotiation.

They cannot stop you from accessing land locked property but the route is determined by the arbitrator/court.