Mediation is similar to arbitration in that both require the parties to reach a mutually satisfactory resolution to their dispute.

Question

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Mediation involves a neutral third party who facilitates negotiation and encourages resolution between disputing parties, but does not impose a decision. Arbitration, on the other hand, involves a neutral third party (the arbitrator) who makes a binding decision on the dispute.

Mediation Is Similar to Arbitration in That Both Require the Parties