What is arbitration?

Alexander May-06-2023 11:30:39

564 days ago

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Arbitration is a form of alternative dispute resolution wherein a neutral third party (the arbitrator) hears arguments from both sides of a dispute and makes a binding decision to resolve it. Unlike court proceedings, arbitration is generally more private, and the proceedings and decision are legally binding. Arbitration is a cost-effective method of dispute resolution that can often be completed more quickly than court proceedings.

Alicia

14 Ques 1 Ans

answered 22 Aug 2023

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