Arbitration

Arbitration is a form of dispute resolution. An arbitration may take place to resolve disputes between people, businesses or between a person and a business. Usually, an arbitration is commenced by one person or business based upon an unfulfilled promise in a contract or other agreement. Many business contracts require parties to have an arbitration before filing a civil lawsuit. An arbitration is usually conducted by a professional arbitrator. In most situations the decision of the arbitrator that comes from a formal arbitration is considered binding. This means the decision can be filed in a court and the decision of the arbitration carries the same force as a decision of a judge or jury. Arbitration decisions can usually be appealed to the courts.

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