Arbitration is a form of alternative dispute resolution where parties agree to have their legal dispute resolved by a neutral third party outside of the court system. Arbitration is often chosen as an alternative to litigation as it is generally faster, more flexible, and less costly. The parties can choose the arbitrator(s) and the rules governing the arbitration process, and the decision is binding and enforceable. If you are considering arbitration as an option for resolving a legal dispute, it is recommended that you consult with a qualified attorney who can guide you through the process.
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