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Then comes the hearing. This is where the parties get to present their arguments and evidence orally. Think of it as a condensed version of a court trial, but with a more informal and flexible atmosphere. Witnesses may be called, and the arbitrators can ask questions. The hearing can take place in person, by video conference, or even a hybrid of both, depending on what the parties agree to. The arbitrator(s) then deliberate, taking into account all the evidence and arguments presented. Based on that, they issue an arbitral award, which is the final decision in the dispute. The award is binding on both parties and enforceable in the Netherlands. Keep in mind that the specific steps and procedures can vary depending on the **arbitration agreement** and the rules of the arbitral institution. But this general outline gives you a good idea of what to expect.
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