Med-arb and final-offer total package arbitration are similar in that the arbitrator does not make up his own contract but picks one of those that has been negotiated.

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Med-arb involves mediation followed by arbitration where the arbitrator can create a new contract, while final-offer arbitration requires the arbitrator to choose between the final offers presented by the parties.

Med-Arb and Final-Offer Total Package Arbitration Are Similar in That