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
____________________
to
arbitration
.
The
first
is
that
it
is
a
voluntary
process
under
which
two
parties
in
conflict
agree
between
themselves
to
be
____________________
by
the
judgment
of
a
third
party
which
has
no
other
____________________
over
them
;
the
judgment
,
however
,
is
not
legally
binding
.
The
second
is
that
there
is
usually
no
clear
body
of
____________________
or
set
of
rules
that
must
apply
;
the
arbitrator
is
free
,
subject
to
any
prior
agreement
with
the
conflicting
parties
,
to
decide
on
whatever
basis
of
justice
is
deemed
____________________
.
Arbitration
has
been
used
successfully
,
for
example
,
to
decide
on
disputed
borders
between
Israel
and
Egypt
,
where
local
history
was
a
major
part
of
the
arbitrator's
decisio
n
