In arbitration, who renders the final decision?

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Multiple Choice

In arbitration, who renders the final decision?

Explanation:
The deciding voice in arbitration is a neutral arbitrator who hears the case and issues the final decision, known as the arbitral award. The arbitrator’s role is to evaluate the evidence, apply the contract terms or governing law, and render a binding resolution outside the courts. This is different from court litigation, where a judge or jury makes the decision. The party who filed the claim presents the case, but does not determine the outcome. The key idea is that the arbitrator alone (or a panel of arbitrators) votes to resolve the dispute.

The deciding voice in arbitration is a neutral arbitrator who hears the case and issues the final decision, known as the arbitral award. The arbitrator’s role is to evaluate the evidence, apply the contract terms or governing law, and render a binding resolution outside the courts. This is different from court litigation, where a judge or jury makes the decision. The party who filed the claim presents the case, but does not determine the outcome. The key idea is that the arbitrator alone (or a panel of arbitrators) votes to resolve the dispute.

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