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- Dictionaryar·bi·tra·tion/ˌärbəˈtrāSH(ə)n/
noun
- 1. the use of an arbitrator to settle a dispute: "Tayside Regional Council called for arbitration to settle the dispute"
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Arbitration is the act of arbitrating, or settling a dispute by an impartial third party or panel. Learn the etymology, history, and examples of arbitration, and compare it with related words like arbiter and arbitrary.
Contract law. Arbitration is a formal method of dispute resolution involving a neutral third party who makes a binding decision. The third party neutral (the 'arbitrators', 'arbiters' or ' arbitral tribunal ') renders the decision in the form of an ' arbitration award '. An arbitration decision or award is legally binding on both sides and ...
Nov 10, 2014 · Arbitration is a form of Alternative Dispute Resolution in which the parties work out the disputed issue without going to court. An impartial third party, known as an Arbitrator, is chosen by the parties to listen to their case and make a decision. Learn more about arbitration, its advantages, disadvantages, and how it works.
Arbitration is the process of solving a dispute by having an independent person make a decision. Learn more about the different types, uses and meanings of arbitration in law, business and industrial relations.
Jun 7, 2024 · Arbitration is a nonjudicial legal technique for resolving disputes by referring them to a neutral party for a binding decision. Learn about the advantages, disadvantages, and scope of arbitration in commercial, international, and labour contexts.
Arbitration definition: the hearing and determining of a dispute or the settling of differences between parties by a person or persons chosen or agreed to by them. See examples of ARBITRATION used in a sentence.
Arbitration is the process of solving a dispute by having an independent person make a decision. Learn how arbitration works in different contexts, such as law, business, and labor relations, with examples and synonyms.
