How can you use arbitration to resolve conflicts effectively?
Arbitration is a form of alternative dispute resolution that involves a neutral third party who makes a binding decision after hearing the arguments and evidence from the conflicting parties. Arbitration can be a useful way to resolve conflicts effectively, especially when the parties have a contractual or legal obligation to do so, or when they want to avoid the costs and delays of litigation. However, arbitration also has some challenges and limitations that you should be aware of before choosing this method. In this article, you will learn how to use arbitration to resolve conflicts effectively by following these steps: