A memorandum of understanding, also known as a mediated settlement agreement, is prepared by an arbitrator.

Name: A memorandum of understanding, also known as a mediated settlement agreement, is prepared by an arbitrator.
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A memorandum of understanding is typically prepared by the parties involved in a dispute or negotiation, not necessarily an arbitrator. However, in some cases, an arbitrator may assist in the drafting of a memorandum of understanding.

A Memorandum of Understanding, Also Known as a Mediated Settlement