Keyword Analysis & Research: arbitration

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Frequently Asked Questions

What does arbitration stand for?

- arbitration. stands for A method of dispute resolution intended to avoid the high costs of legal action, typically conducted under rules established by the American Arbitration Association..

What are the advantages and disadvantages of Arbitration?

There are, however, also some disadvantages to arbitration as a method of resolving a dispute. If arbitration is binding, both sides give up their right to an appeal. If the matter is complicated but the amount of money involved is modest, then the arbitrator’s fee may make arbitration uneconomical.

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