Understanding Arbitration: An Alternative to Trial

Understanding Arbitration: An Alternative to Trial

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Business, Social Studies

University

Hard

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Arbitration is a form of alternative dispute resolution, serving as an alternative to trial. Parties may enter arbitration either mandatorily by statute or voluntarily through agreements. Instead of litigating, they submit disputes to an arbitrator who makes a decision, resolving the issue and issuing an arbitration award.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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