LEGAL GUIDE
Written by attorney Stephen John Guillette

Arbitration: What is it?

Arbitration is a form of dispute resolution. Arbitration is the private, judicial determination of a dispute, by an independent third party, or “arbitrator.” Arbitration is an alternative to court action (litigation), is final and binding. The arbitrator is chosen by both parties to the arbitration who hand over their power to decide the dispute to the arbitrator who acts at both the judge and jury.

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