Examlex
What is the role of judicial review in voluntary/contract-based arbitration awards?
Bargaining Power
The relative capacity of one party in a negotiation to influence the terms of an agreement.
Competing Restaurant
An eatery that operates in the same market segment and targets a similar customer base as another restaurant, thus being in direct competition.
Local Farmer
A farmer who cultivates land within a community, often focusing on selling produce directly to local consumers or markets.
Bargaining Position
The relative power or leverage that an individual or party has during negotiations, affecting their ability to secure favorable terms.
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