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question 273

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Definitions:

Judicial System

The system of courts that interprets and applies the law in the name of the state to provide justice, resolve disputes, and interpret laws.

Litigation

The process of taking legal action or resolving disputes in court between individuals, businesses, or entities.

Arbitration

A form of alternative dispute resolution where a neutral third-party makes a binding decision to resolve a dispute, avoiding court litigation.

Binding

Describes an agreement, contract, or legal decision that must be adhered to by the parties involved.

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