Internet Protocol Data Interchange Is a Communication Standard That Enables

question 110

True/False

Internet protocol data interchange is a communication standard that enables business partners to electronically exchange routine documents.

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Definitions:

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.

Disputes

Conflicts or arguments between parties that may require resolution through negotiation or legal means.