An arbitration clause in a contract or a statute will often determine whether arbitration in a given case is voluntary or mandatory for the parties. the resulting award by the arbitrator is:

Group of answer choices

Always Binding and Final with no right to any judicial review or appeal, thus ensuring expedited resolution at the lowest cost.

Always Nonbinding with the right to a de novo $($new$)$ hearing by a court, thus guaranteeing both access to judicial review and an appeal.

Either Binding or Nonbinding, depending on the contract or statute.