Question

What is meaning of Arbitration?​

Answer 1

Answer:

Arbitration, a form of alternative dispute resolution, is a way to resolve disputes outside the courts. The dispute will be decided by one or more persons, which renders the 'arbitration award'. An arbitration award is legally binding on both sides and enforceable in the courts.

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Answer 2

Answer:

arbitration is a procedure in which a dispute submitted , by agreement of the parties , to one or more arbitrator who make a building decision on the dispute .