Arbitration

Arbitration is a dispute resolution process in which conflicting parties voluntarily submit their case to a neutral third party or tribunal, whose decision is typically binding. The arbitrator, recognized as authoritative and legitimate, often holds greater power than the disputants. While arbitration usually results in a binding ruling, it can also be non-binding, serving as a basis for further negotiation. Unlike facilitation, arbitration involves direct communication primarily between the parties and the arbitrator, who relies on their authority to resolve the conflict.