Examlex
Generally speaking, which of these is suggested as the best type of third-party intervention?
Compensation
The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.
Arbitration
A method of resolving disputes outside the courts, where a neutral third party makes a decision.
Third Party
An entity or individual that is not directly involved in a transaction or agreement but may be affected by it or involved in facilitating it.
Settlement
The agreement reached between two parties to resolve a dispute or lawsuit outside of court.
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