Arbitration, stemming from the Latin word ‘arbitrari’ meaning “to judge,” refers to a process where a specific dispute is presented to one or more arbitrators, usually an odd number, by mutual agreement of the parties involved. These arbitrators then render a binding decision on the matter. As per Section 2(1)(a) of the Arbitration and Conciliation Act of 1996, "arbitration" encompass... https://www.corpzo.com/arbitration-a-new-form-of-resolution