ArbitrationOpenStax. (n.d.). Arbitration. Nicoletcollege.pressbooks.pub. https://nicoletcollege.pressbooks.pub/businesslaw/chapter/arbitration/
The American Bar Association (ABA) defines arbitration as the “private process where disputing parties agree that one or several individuals can make a decision about the dispute after receiving evidence and hearing arguments.” Arbitration is overseen by a neutral arbitrator, or an individual who is responsible for making a decision on how to resolve a dispute and who has the ability to decide on an award, or a course of action that the arbiter believes is fair, given the situation.
