is the resolution of a dispute by a neutral third party outside the judicial setting.
A) Mediation
B) Negotiation
C) Early neutral case evaluation
D) Arbitration

Question

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Arbitration is the process of resolving a dispute by a neutral third party who listens to arguments from both sides and then makes a decision that is usually binding. It is often used as an alternative to traditional court litigation since it can be faster, cheaper, and more flexible. Mediation (A) involves a neutral third party helping both sides come to a mutually agreeable solution, but the decision is not binding. Negotiation (B) is a less formal process of trying to resolve a dispute by discussing and compromising with the other party. Early neutral case evaluation (C) is a process where a neutral third party evaluates the strengths and weaknesses of each party's case and gives an opinion on how the case may be decided, but the opinion is not binding.

Is the Resolution of a Dispute by a Neutral Third