Arbitration
Arbitration is an alternative means of settling a dispute by one or more impartial persons instead of going to court. It is sometimes preferred as a means of settling a matter without the cost and time of a court proceeding.
What is arbitration?
Arbitration is an alternative means of settling a dispute by one or more impartial persons instead of going to court. It is sometimes preferred as a means of settling a matter. This is in order to avoid the expense, delay, and potential nastiness of a court proceeding.
Courts have been the traditional method for resolving legal disputes. Increasingly, however, alternative dispute resolutions (or ADRs), are used to settle disagreements. Arbitration is a form of ADR.
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