What is the definition of adjudication in the context of dispute resolution?

Adjudication in the context of dispute resolution refers to a formal process where an independent third party evaluates the evidence and arguments presented by both disputing parties and makes a binding decision. This option highlights the crucial role of impartiality in the process, as it ensures that the determination is not influenced by either party's interests. The timeframe of 28 days is significant because it emphasizes the efficiency of resolution, which is a key aspect of adjudication compared to other methods that may take considerably longer.

This structured approach allows for a clear and decisive outcome, providing parties with a resolution that is enforceable and designed to minimize prolonged disputes. In contrast, self-resolution or informal discussions lack the formality and binding nature that adjudication offers, making them less effective in situations where parties are unable to reach amicable agreements on their own.