Kent signed a contract with Turner to exclusively work for Turner. Kent breached the contract by working part time for other people. Turner tried to reach a voluntary settlement with Kent as long as he pays a certain amount to Turner. As this attempt failed, they decided to allow Erika, a neutral third party, to make a decision. Turner and Kent agreed to abide by the decision taken by Erika. Which of the following is depicted in this scenario?

stare decisis

a free exercise clause

a negotiated settlement

arbitration

obiter dicta