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How Are Arbitrations Similar and Dissimilar to a Court Trial

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How are arbitrations similar and dissimilar to a court trial?


Definitions:

Federal Procedural Law

Rules that govern the procedures for courts and judicial administration within the federal legal system.

Arbitrator Award

The final decision made by an arbitrator or arbitration panel in a dispute resolution process, which is binding and enforceable upon the parties involved.

Verdict

The decision made by a jury or judge in a legal case, concluding the trial and determining the outcome.

Judgment

A formal decision made by a court regarding the rights and liabilities of parties in a legal action or proceeding.

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