A written agreement between two or more parties to submit to arbitration all or certain disputes which have arisen or which may arise between them.

A verbal agreement between two or more parties to submit to arbitration all or certain disputes which have arisen or which may arise between them.

A written agreement between two or more parties to submit to arbitration all or certain disputes which have arisen or which may arise between them, but only if the dispute is related to a commercial transaction.

A verbal agreement between two or more parties to submit to arbitration all or certain disputes which have arisen or which may arise between them, but only if the dispute is related to a commercial transaction.

The names of the parties.

The subject matter of the dispute.

The place of arbitration.

All of the above.

To avoid litigation.

To resolve disputes quickly and efficiently.

To save money.

All of the above.

It is less formal than litigation.

It is more confidential than litigation.

It is less expensive than litigation.

All of the above.

It is less transparent than litigation.

It is less predictable than litigation.

It is less enforceable than litigation.

All of the above.

When it is in writing.

When it is signed by both parties.

When it is notarized.

All of the above.

To hear the evidence and make a decision.

To enforce the arbitration agreement.

To appoint the experts.

All of the above.

To conduct the arbitration proceedings.

To make a decision.

To enforce the arbitration agreement.

All of the above.

To enforce the arbitration agreement.

To set aside the arbitral award.

To appoint the arbitrator.

All of the above.

Fraud.

Corruption.

Misconduct.

All of the above.

It is final and binding on the parties.

It can be appealed to the court.

It can be set aside by the court.

All of the above.

Arbitration is binding, while mediation is not.

Arbitration is more formal than mediation.

Arbitration is more expensive than mediation.

All of the above.

Arbitration is less formal than litigation.

Arbitration is more confidential than litigation.

Arbitration is less expensive than litigation.

All of the above.

Domestic arbitration.

International arbitration.

Ad hoc arbitration.

Institutional arbitration.

Arbitration is becoming more popular.

Arbitration is becoming more global.

Arbitration is becoming more specialized.

All of the above.