Question

Arbitration is the process in which a neutral third party

Answer 1

Answer:

Listens to both parties and comes to a decision both of them will agree on.

Explanation:

It is a binding process, which means the parties won't have to proceed to court. The arbitrator is generally a retired judge but it is typical for both parties to choose an arbitrator and then both of those arbitrators choose a third arbitrator.

Every decision is made through a majority vote.