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Question: Arbitration and its possible advantages over litigation.

Answer: It is common for parties in a dispute to have their matter settled by going to court. However there is another option open to them through arbitration. This is an alternative than going to court which is used in many different situations. The parties both decide on an ‘arbiter’ who will therefore come to a decision which both parties agree to accept as binding. Sometimes there can be two arbiters, one put forward by each party. Consequently if the two arbiters are not in agreement, they or the parties can appoint an ‘oversman’ who will then make a decision.......(short extract)

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Details: - Mark: 61% | Course: English Legal System | Year: 1st | Words: 1759 | References: Yes | Date written: February, 1995 | Date submitted: February 18, 2009 | Coursework ID: 329

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