Voluntary arbitration

Name: Voluntary arbitration
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

Voluntary arbitration allows the parties involved to set their own guidelines and rules for the arbitration process, as opposed to being controlled by the courts. The decision reached through voluntary arbitration may or may not be binding, depending on the agreement of the parties involved. The level of formality involved in the process can vary depending on the parties' preferences.

Voluntary Arbitration