What is arbutration?

Answer 1

Arbitration is a method of resolving disputes outside of traditional court systems, where an impartial third party, known as an arbitrator, makes a binding decision based on the evidence and arguments presented by the parties involved. It is often used in commercial disputes, labor relations, and international conflicts due to its efficiency and confidentiality. The process is generally faster and less formal than court proceedings, and the parties typically agree in advance to abide by the arbitrator's ruling.