What is arbitration?

Alexander May-06-2023 11:30:39

362 days ago

Viewed 149 times

1 Answer

Arbitration is a form of alternative dispute resolution wherein a neutral third party (the arbitrator) hears arguments from both sides of a dispute and makes a binding decision to resolve it. Unlike court proceedings, arbitration is generally more private, and the proceedings and decision are legally binding. Arbitration is a cost-effective method of dispute resolution that can often be completed more quickly than court proceedings.

Alicia

1 Ques 1 Ans

answered 22 Aug 2023

Your Answer

Login or Create Account to answer this question.

Do you have any opinion about What is arbitration??

Number Achievement

1194

Questions

537

Answers

Love this site?

Get the weekly newsletter! In it, you'll get:

The week's top questions and answers
Important community announcements
Questions that need answers

See an example newsletter

Answers Adda Q&A communities are different.
Here's how

Knowledge sharing.

Question and answer communities are a great way to share knowledge. People can ask questions about any topic they're curious about, and other members of the community can provide answers based on their knowledge and expertise.

Engagement and connection

These communities offer a way to engage with like-minded individuals who share similar interests. Members can connect with each other through shared experiences, knowledge, and advice, building relationships that extend beyond just answering questions..

Community building.

Answers Adda Question & Answer communities provide a platform for individuals to connect with like-minded people who share similar interests. This can help to build a sense of community and foster relationships among members.