Search
Arbitration
01
the process in which a person is officially appointed to act as a judge and settle an argument
Example
In complex commercial disputes, arbitration is often preferred for its efficiency and confidentiality.
The dispute was resolved through arbitration rather than a lengthy court trial.
They chose arbitration to settle their contractual disagreement efficiently.
02
a process where parties resolve disputes through a neutral third party
Example
The consumer opted for arbitration instead of pursuing a lawsuit against the product manufacturer for damages.
The landlord and tenant turned to arbitration to resolve issues related to lease terms and rental payments.
The construction contract included a clause requiring arbitration to settle any disputes between the contractor and the client.
Example
In complex commercial disputes, arbitration is often preferred for its efficiency and confidentiality.
The dispute was resolved through arbitration rather than a lengthy court trial.
They chose arbitration to settle their contractual disagreement efficiently.
Arbitration allowed the parties to resolve their disagreement quickly and avoid the lengthy process of going to trial.
Nearby Words
