What is Arbitration?
Arbitration is a form of alternative dispute resolution where parties agree to have their dispute decided by an impartial third-party arbitrator.
- It's a less formal process than a court trial
- Parties choose the arbitrator
- Decision is usually final and binding
Parties to an Arbitration Dispute
The parties involved in an arbitration dispute can vary, but typically include:
- Claimant (or plaintiff)
- Respondent (or defendant)
- Arbitrator(s)
- Witnesses or experts
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