Commercial arbitration is a method of alternative dispute resolution (ADR) that is being used around the world to avoid lengthy and costly legal appearances before judicial authorities. "In arbitration, the parties voluntarily agree to refer their existing or future disputes to a third party for determination and they agree in advance to accept the arbitrator's decision as final and binding
Koberg, Jurgen Nanne
"Costa Rican Commercial Arbitration rules And The U.S. Federal Arbitration Act,"
ILSA Journal of International & Comparative Law: Vol. 3
, Article 3.
Available at: http://nsuworks.nova.edu/ilsajournal/vol3/iss1/3