Arbitration and Mediation
What is Arbitration?
Arbitration in the context of law is a form of alternative dispute resolution — specifically a legal alternative to litigation whereby the parties to a dispute agree to submit their respective positions (through agreement or hearing) to a neutral third party (the arbitrator(s) or arbiter(s)) for resolution.
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Arbitration may also serve a distinct purpose: as an alternative to strikes and lockouts as a means of resolving labor disputes. Labor arbitration comes in two varieties: interest arbitration which provides a method for resolving disputes about the terms to be included in a new contract when the parties are unable to agree and grievance arbitration' which provides a method for resolving disputes over the interpretation and application of a collective bargaining agreement.
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