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Law and Project Management

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Do companies normally opt for arbitration to resolve conflicts?

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Solution Summary

According to freedictionary.com, arbitration is "the hearing and determination of a dispute, especially an industrial dispute, by an impartial referee selected or agreed upon by the parties concerned." This solution discusses how some companies feel about arbitration.

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Arbitration is an ugly word, so most companies will do everything that they can to stay out of court and will sometimes even settle when they aren't the offending party in the situation. Why spend your time bickering over pennies when you can be out ...

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