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Arbitration Process
A method of dispute resolution where an impartial third party, the arbitrator, makes a binding decision to resolve a conflict.
Contract Terms
The conditions and clauses that make up a formal agreement between two or more parties.
Issue-by-issue Final Offer
A bargaining strategy where each issue is negotiated separately, and final offers are made for each issue rather than a collective final offer covering all points.
Arbitrator
A neutral third party chosen to settle a dispute or interpret contract terms between two other parties, typically outside the court system.
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