Disputes and alternative dispute resolution (ADR)

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Arbitration refers to a legal or administrative (usually contractual process) in which a neutral third party, called an arbitrator, considers evidence and arguments, and issues a binding decision known as an award. Many standard form contracts contain arbitration clauses that provide for the interim or final determination of disputes thereunder to be settled by a private arbitral tribunal. A contract administrator should be aware that where a contract contains an arbitration clause, and litigation proceedings are issued against...