Binding arbitration is a method of dispute resolution in which an impartial third party, known as an arbitrator, makes a decision to resolve a conflict after reviewing the evidence and arguments presented by the involved parties. The decision is legally binding and enforceable in courts.
Diplomacy involves conducting negotiations, establishing relationships, and managing international relations with tact and subtlety. It plays a critical role in fostering good rapport and avoiding conflicts between states, organizations, or individuals.
A neutral party who studies the issues in a dispute and makes a recommendation for a fair settlement.
