_______ occurs when a third party determines a binding settlement to a dispute.

Name: _______ occurs when a third party determines a binding settlement to a dispute.
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Arbitration is a form of dispute resolution where a third party, known as an arbitrator, listens to both sides of the argument and issues a binding decision on the matter. This is often used as an alternative to court proceedings, and is commonly seen in business and commercial law disputes.

_______ Occurs When a Third Party Determines a Binding Settlement