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Publication Date

7-1991

Document Type

Comment

Abstract

Arbitration is an extra-judicial dispute resolution technique whereby parties agree to have an impartial third person, or panel of persons, decide a dispute. The agreement to arbitrate may occur before the dispute arises, usually by including an arbitration clause in the contract, or after the dispute arises. Arbitration clauses frequently designate the location of the potential arbitration and the agency (such as the American Arbitration Association ("AAA")) that will administer the arbitration and by whose rules the arbitration will proceed.

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