Episode 16 | Arbitration: Resolving Disputes Wisely
Arbitration is an alternative dispute resolution method in which parties agree to submit their conflict to one or more neutral arbitrators instead of going to court. It is widely used in commercial, construction, and international disputes due to its confidentiality, flexibility, and faster procedures. Arbitration decisions, known as awards, are usually binding and enforceable, providing parties with a reliable and efficient way to resolve disagreements while maintaining business relationships.
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