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In this video, Michele discusses arbitration, an alternative dispute resolution system distinct from mediation. Arbitration involves the disputing parties presenting their case to a single arbitrator, who is not a judge but has the authority to make decisions based on the parties' agreement. This agreement is often outlined in a written contract that is enforceable, allowing either party to insist on arbitration rather than court if the other party attempts to pursue litigation. The video emphasizes the significance of having a clear arbitration agreement in place to ensure adherence to this resolution process.
