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There are times when you may see an arbitration clause in a contract or were told by a colleague that you should include an arbitration clause in a contract. At these times, you might wonder about arbitration and how this may differ from a lawsuit. There are a number of ways that lawsuits and arbitration differ, and you need to understand this before you go any further. What Is a Lawsuit? The Differences Between Arbitration and Lawsuits.

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