Examlex
Which of these statements about the strength of organizational culture and organizational performance is TRUE?
Med-Arb
A type of dispute resolution process in which both parties agree to start out in mediation and, if unsuccessful, to move on to arbitration.
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.
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