Parties Involved in an International Business Can Agree on a Neutral

question 90

True/False

Parties involved in an international business can agree on a neutral third party to act as an arbitrator even before a dispute arises.

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Definitions:

Intervention

The action taken to become involved in a situation in order to help alter the outcome or improve the circumstances.

Diagnosis

The identification of the nature or cause of a condition, situation, or problem.

Status Quo

The existing state or condition of a situation, often used in the context of maintaining current circumstances.

Kurt Lewin

A psychologist known for his contributions to social, organizational, and applied psychology, particularly regarding change theories.