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What is arbitration?

Arbitration is a method of resolving disputes that involves the decision making of a third neutral party. This person is someone who is not connected with or does not have a special interest in either side of the dispute. This person agrees to hear all the issues at hand and to make a decision as to the merits of each side’s stance on the issues. This person who is hired to lead the arbitration hearing is usually a lawyer or at least an individual that is familiar with the law and past court rulings.