The process by which the parties in a dispute submit their differences to the judgment of an impartial person or group appointed mutually is called

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Arbitration is the process where disputing parties submit their differences to the judgment of an impartial person or group appointed by mutual consent or statutory provision. Unlike mediation, where a mediator helps parties find a mutual agreement, arbitration results in a binding decision made by the arbitrator(s).

The Process by Which the Parties in a Dispute Submit