Arbitration assumes that key parties will agree to the recommendations of the independent third-party arbitrator.

Name: Arbitration assumes that key parties will agree to the recommendations of the independent third-party arbitrator.
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Quizplus · Accepted Answer

Yes, arbitration relies on the agreement of the parties involved to accept the arbitrator's decision or recommendations. It is a consensual and binding method of resolving disputes outside of the court system.

Arbitration Assumes That Key Parties Will Agree to the Recommendations