Arbitration

Arbitration is a method of conflict resolution which, with more or less formalized mechanisms, occurs in many political and legal spheres. There are two main [blank] to arbitration. The first is that it is a voluntary process under which two parties in conflict agree between themselves to be [blank] by the judgement of a third party which has no other authority over them; the judgement, however, is not legally binding. The second is that there is usually no clear [blank] of [blank] or [blank] of rules that must apply; the arbitrator is free, [blank] to any prior agreement with the conflicting parties, to decide on whatever basis of justice is deemed [blank] .