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NON-BINDING ARBITRATION
In non-binding arbitration , a neutral third party hears arguments from the parties and renders a decision. In non-binding arbitration, the parties are not bound to the arbitrator’s decision. Non-binding arbitration can be seen as a neutral evaluation. The purpose is to facilitate negotiations by allowing the parties to test the strength of their cases and to obtain an opinion as to the likely outcome before negotiating further themselves.
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