The process of negotiation and settlement differs from arbitration in that .
A) the process of negotiation takes place in a much more formal setting than in arbitration
B) representation by legal counsel is not mandatory in negotiation, unlike in arbitration
C) no neutral third party is involved in the negotiation process, unlike in arbitration
D) the proceedings of negotiation preserves confidentiality, whereas arbitration must be recorded for review

Question

Quizplus · Accepted Answer

Negotiation involves direct discussions between parties without a neutral third party, whereas arbitration involves a neutral arbitrator to make a binding decision.

The Process of Negotiation and Settlement Differs from Arbitration in That