An arbitration is presided over by a mediator whose decision is binding on the parties to the arbitration.

Name: An arbitration is presided over by a mediator whose decision is binding on the parties to the arbitration.
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In arbitration, the process is presided over by an arbitrator (not a mediator), and the arbitrator's decision is binding on the parties. Mediation involves a mediator who helps the parties reach a voluntary agreement, without making a binding decision.

An Arbitration Is Presided Over by a Mediator Whose Decision