The option of mediation or arbitration

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Reference no: EM131181384

Please answer both of the questions below and explain your answers based on what you have learned in the text:

As a business owner, if you had to choose to include a mediation or an arbitration clause in your contracts, which would you prefer and why?

As a consumer, if you were given the option of mediation or arbitration, which would you choose and why?

please consider the time, cost, finality and procedure involved in mediation and arbitration in the response.

Reference no: EM131181384

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