A meeting of the parties in a forum to encourage a resolution or force a resolution without entering into litigation is known as what?

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Multiple Choice

A meeting of the parties in a forum to encourage a resolution or force a resolution without entering into litigation is known as what?

Explanation:
Arbitration is a dispute-resolution process outside the courts where a neutral arbitrator or panel hears the case in a designated forum and issues a binding decision. This binding outcome effectively forces a resolution without going through litigation, which is why it’s used to settle disputes more quickly and privately than court trials. Mediation, by contrast, involves a neutral facilitator helping parties reach a voluntary settlement, but the mediator cannot impose a decision. The other terms are unrelated to resolving disputes: waiver of subrogation is an insurance term, telematics refers to data from devices, and zero trust architecture is a cybersecurity approach.

Arbitration is a dispute-resolution process outside the courts where a neutral arbitrator or panel hears the case in a designated forum and issues a binding decision. This binding outcome effectively forces a resolution without going through litigation, which is why it’s used to settle disputes more quickly and privately than court trials.

Mediation, by contrast, involves a neutral facilitator helping parties reach a voluntary settlement, but the mediator cannot impose a decision. The other terms are unrelated to resolving disputes: waiver of subrogation is an insurance term, telematics refers to data from devices, and zero trust architecture is a cybersecurity approach.

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