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Arbitration

The Overview of Arbitration

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Arbitration is a process of dispute resolution in which the parties grant authority to an impartial arbitrator who hears testimony and arguments, receives evidence and issues a legally-binding decision to resolve the conflict.

Advantages of arbitration over judicial proceedings:

You can choose your arbitrator, not your judge
Arbitration is often faster than litigation in court
Arbitration can be less expensive and more flexible for businesses
Proceedings and outcomes are private and confidential
Arbitration has more understandable vocabulary

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