Examlex
Which of the following is NOT a principle of IMC?
Mediation
A form of alternative dispute resolution where a neutral third party helps disputing parties to reach a mutual agreement.
Arbitration
Arbitration is a method of resolving disputes outside the courts, where an impartial third party, known as an arbitrator, makes a decision that's binding on the parties involved.
Binding Arbitration Clause
A contract provision mandating that all disputes arising under the contract must be settled by arbitration.
Disputes
Conflicts or arguments between parties that may require resolution through negotiation or legal means.
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