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Arbitration is a dispute resolution process in which a dispute is submitted through formal presentation of evidence and arguments to a neutral adjudicator, who is empowered by the disputants to either recommend non-binding terms of settlement or impose a binding decision or award. In the former process, called non-binding arbitration, the parties must agree before the arbitrator's decision becomes binding. Smartsettle may be used by an arbitrator to recommend an optimal solution for settlement.
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Last Updated ( Monday, 25 February 2008 18:21 )
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