Arbitration Involves a Neutral Third Party Who Tries to Improve

question 60

True/False

Arbitration involves a neutral third party who tries to improve communication between negotiating parties and keep them focused on relevant issues.

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Definitions:

Legally Enforceable

A term describing agreements or contracts that are recognized by and can be upheld in a court of law.

Binding

Refers to an agreement or contract that legally obligates the parties involved to adhere to its terms.

Contract

A legal agreement between two or more parties that creates mutual obligations enforceable by law.

Vintage Car

An old, classic automobile typically defined by its age, style, and rarity, often considered collectible due to its historic value.