The process of resolving a matter of dispute without going through the court system.  This process is often faster and more cost-efficient. An arbitration award is legally enforceable in court. If the parties cannot agree on a single arbitrator, they can select arbitrators under the rules of the American Arbitration Association (AAA). Frequently, arbitration clauses are inserted into contracts, to stipulate arbitration as the means for settling disputes arising out of the contract.

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