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Unformatted text preview: which a third party reviews the case and imposes a decision that is legally binding for both sides. Arbitration can be either voluntary or mandatory and can be either binding or non-binding. In the typical hearing format, the parties present the opening arguments to the arbitrator and state what remedies should or should not be granted. Next the parties present evidence supporting their positions. The arbitrator then renders a decision, called an award....
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- Spring '11