The teams will have three days to appeal before a federal court of arbitration and a final decision will be given by July 24.

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As a result, a deadlock would leave the final terms of a settlement up to binding arbitration.

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One of the drawbacks of arbitration is the decision of an arbitrator is final, binding and cannot be appealed.

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Having argued many arbitration cases and also having sat as a panelist and Chair on others, I know that sometimes the final verdict may be more a product of the personality dynamics of a given panel than a testament to superb or atrocious lawyering.

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