Get the most out of your questions with IDNLearn.com's extensive resources. Ask any question and receive comprehensive, well-informed responses from our dedicated team of experts.
Arbitration in legal disputes involves parties agreeing to a neutral third party's decision, known as the 'award,' which is binding.
Arbitration is a type of third-party intervention where both sides in a legal dispute agree to abide by the decision of a neutral third party called the arbitrator. In arbitration, the arbitrator makes the final decision, known as the 'award,' which is binding to the parties involved.
https://brainly.com/question/51057293