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Bookmark or Share- Arbitration - Definition, Examples, Cases, and ProcessesNoun. The hearing and settling of a dispute by a third party agreed to by them. Origin. 1350 – 1400 Middle English arbitration. What is Arbitration? The process of arbitration is overseen by a professional arbitrator, who facilitates communication between two sides of a dispute.
- AAA Arbitration | ADR.orgWhat We Do. Arbitration—the out-of-court resolution of a dispute between parties to a contract, decided by an impartial third party (the arbitrator)—is faster and more cost effective than litigation. AAA cases are often settled prior to the arbitrator’s decision—and nearly half of those cases incur no arbitrator compensation.
- International Arbitration: What it is and How it WorksArbitration is a process in which parties to a dispute agree to have a neutral person or panel reach a binding decision that settles their dispute based on previously agreed-upon norms and rules. In international arbitration, a dispute is referred to an impartial tribunal or panel for a binding decision, often on the basis of international law ...
- Arbitration | Advantages, Process & Types | BritannicaArbitration, 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 is most commonly used in the resolution of commercial
- What are the Three Basic Types of Dispute Resolution? What to Know ...2. Arbitration. In arbitration, a neutral third party serves as a judge who is responsible for resolving the dispute. The arbitrator listens as each side argues its case and presents relevant evidence, then renders a binding decision.
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