Answer:
arbitration
Explanation:
Arbitration -
It is a type of alternative dispute resolution ( ADR ),
As it suggests , it enables to solve any conflict outside the court , is referred to as arbitration .
In United states , the method is very commonly used , where it is compulsory with the process of employment .
In certain scenarios , a third party is used for solve the issue , where the party need to be neutral from both the ends .
The method is employed in order to solve some commercial issues , in reference to the international commercial transactions .
Hence , from the given scenario of the question ,
The correct term is Arbitration.
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