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- Dictionaryarbitration/ˌɑːbɪˈtreɪʃn/
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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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 ...
the process of solving an argument between people by helping them to agree to an acceptable solution: Both sides in the dispute have agreed to go to arbitration (= to have the disagreement solved by an arbitrator). SMART Vocabulary: related words and phrases. Debate & discussion. agent provocateur. agora. argue against something.
Arbitration is an alternative dispute resolution (‘ADR’) mechanism whereby the parties agree to submit their dispute to a neutral tribunal (comprising at least one arbitrator) to make a binding decision on the dispute. Through arbitration, the parties can resolve their dispute in a private and confidential manner instead of going to court. Facts:
The meaning of ARBITRATION is the action of arbitrating; especially : the hearing and determination of a disputed case by an arbiter. How to use arbitration in a sentence. Are arbiter and arbitration arbitrary?
Nov 10, 2014 · Arbitration Defined and Explained with Examples. Arbitration is an Alternative Dispute Resolution in which the parties work out an agreement with no trial.
Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court. Its principal characteristics are: Arbitration is consensual
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 meaning: 1. the process of solving an argument between people by helping them to agree to an acceptable…. Learn more.
Jun 7, 2024 · arbitration, nonjudicial legal technique for resolving disputes by referring them to a neutral party for a binding decision, or “award.” An arbitrator may consist of a single person or an arbitration board, usually of three members.
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.
