Asked by Zy'Leecia O'Briant on Jun 17, 2024
Verified
Med-arb is a third party dispute resolution system that allows the parties to choose between a mediation or arbitration to settle a dispute.
Med-arb
A hybrid dispute resolution process combining mediation and arbitration where unresolved issues in the mediation phase are arbitrated.
- Identify the differences that exist between arbitration and mediation in the resolution of disputes.
Verified Answer
SL
Sarah LittleJun 21, 2024
Final Answer :
False
Explanation :
Med-arb is a dispute resolution process that combines both mediation and arbitration, where the parties first attempt to settle their dispute through mediation and, if unsuccessful, move on to arbitration with the same or a different neutral third party.
Learning Objectives
- Identify the differences that exist between arbitration and mediation in the resolution of disputes.
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