👉 In legal terms, an "arbitration" refers to a dispute resolution procedure that involves two or more parties (usually referred to as the "parties") seeking a decision from a neutral third party. The process typically includes the following steps:
1.
Discovery:
This involves gathering information and evidence relevant to the dispute.
2.
Mediation:
In some cases, the parties may choose to seek mediation instead of going through arbitration. This can be done through a mediator who is appointed by