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Arbitration is similar to going to court, but is generally less formal and slightly quicker. Parties get to choose the arbitrator(s) who is often an expert in the area of dispute. The arbitrator hears evidence and arguments on both sides and then imposes a decision on the parties in dispute. The arbitrator's decision may be legally binding on both parties.

Arbitration  :  Last Revised: Thu Jul 31st 2014
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