Arbitration can best be described as, negotiating a settlement of the dispute.

Name: Arbitration can best be described as, negotiating a settlement of the dispute.
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Arbitration is a legal process used to resolve disputes between parties outside of the court system. It involves the appointment of a neutral third party (arbitrator) who listens to both sides of the dispute and makes a binding decision. It is not a negotiation process, but rather a legally binding decision-making process.

Arbitration Can Best Be Described As, Negotiating a Settlement of the Dispute