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  2. Arbitration is the process of trying to solve a business dispute using a neutral third party without involving the courts. The third party will make a decision after hearing both sides, and the decision may be legally binding.
    www.upcounsel.com/what-is-an-arbitration
    Arbitration is a form of alternative dispute resolution (“ADR”) that offers the opportunity for practical resolution of disputes on the merits in a process that is based on party autonomy and control. Implemented properly, business or commercial arbitration can avoid the time, expense, and uncertainty of court proceedings.
    www.ccarbitrators.org/why-arbitrate/
    Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.
    www.wipo.int/amc/en/arbitration/what-is-arb.html
    Arbitration’s business definition is “a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute.” Arbitrations are just one of three avenues a business can use to resolve a dispute with another corporate legal entity, partner, customer, or government authority.
    www.zenbusiness.com/arbitration-definition/
    Arbitration is a form of alternative dispute resolution (ADR). This is a way to resolve disputes outside of judiciary courts. The dispute will be decided by one or more persons (the arbitrators’, arbiters’ or arbitral tribunal), which determine the arbitration award.
    www.contractscounsel.com/b/arbitration
     
  3. People also ask
    What is arbitration & how does it work?Arbitration is a cheaper and faster method of handling disputes outside of the traditional court system What Is Arbitration? For conflicts involving individuals in different countries, international arbitration is frequently chosen because it is a neutral forum for resolving disputes.
    What is an arbitration award?An arbitration award is the award of damages to a party in the arbitrator’s decision. In the arbitrator’s decision, the result is referred to as an “award,” even if the original claimant was unsuccessful, and no money is to be paid to either party.
    What are the characteristics of Arbitration?Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure outside of courts. The principal characteristics of arbitration are: Consensual by both parties.
    What does an arbitrator do?An arbitrator may consist of a single person or an arbitration board, usually of three members. Arbitration is most commonly used in the resolution of commercial disputes and is distinct from mediation and conciliation, both of which are common in the settlement of labour disputes between management and labour unions.
     
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  9. Arbitration - Wikipedia

    WEBArbitration is a formal method of dispute resolution involving a neutral third party who makes a binding decision. The third party neutral (the 'arbitrators', 'arbiters' or ' arbitral tribunal ') render the decision in the …

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