The settling of a dispute by submitting it to a disinterested third party (other than a court), who renders a decision that may or may not be legally binding, is called:

Name: The settling of a dispute by submitting it to a disinterested third party (other than a court), who renders a decision that may or may not be legally binding, is called:
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Question

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Arbitration involves a disinterested third party who renders a decision that can be binding or non-binding, unlike mediation or negotiation.

The Settling of a Dispute by Submitting It to a Disinterested