Kendra signed a contract to exclusively work for Tonya. Kendra breached the contract by working part$-$time for other people. Tonya tried to reach a voluntary settlement with Kendra as long as she pays a certain amount to Tonya. As this attempt failed, they decided to allow Eric, a neutral third party, to determine the outcome. Kendra and Tonya agreed to abide by the decision taken by Eric. Which of the following is depicted in this scenario?

Multiple Choice

A negotiated settlement

Obiter dicta

Arbitration

Stare decisis

A free exercise clause