Question: The process of negotiation and settlement differs from arbitration in that: Group of answer choices the process of negotiation takes place in a much more

The process of negotiation and settlement differs from arbitration in that:
Group of answer choices
the process of negotiation takes place in a much more formal setting than in arbitration.
representation by legal counsel is not mandatory in negotiation, unlike in arbitration.
no neutral third party is involved in the negotiation process, unlike in arbitration.
the proceedings of negotiation preserves confidentiality, whereas arbitration must be recorded for review.

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