A process in which a neutral party resolves a dispute between two or more parties and the resolution is binding is known as

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The process described where a neutral party resolves a dispute and the resolution is binding is known as arbitration. Mediation involves a neutral party facilitating communication and negotiation between disputing parties but the resolution is non-binding. Negotiation is a process where disputing parties come to a mutually agreed upon resolution without the aid of a neutral third party. Adjudication involves a judge or panel making a final decision in a legal dispute.

A Process in Which a Neutral Party Resolves a Dispute