
Understanding Arbitration: An Alternative to Trial
Interactive Video
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Business, Social Studies
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University
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Hard
Wayground Content
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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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