define arbitration clause
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Arbitration clause An arbitration clause is a clause in a contract that requires the parties to resolve their disputes through an arbitration process. Although such a clause may or may not specify that arbitration occur within a specific jurisdiction, it always binds the parties to a type of resolution outside the courts, and is therefore considered a kind of forum selection clause.
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arbitration Definition of arbitration for English Language Learners. : a process of settling an argument or disagreement in which the people or groups on both sides present their opinions and ideas to a third person or group.
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- Arbitration. Arbitration is the process of referring a dispute to an impartial intermediary chosen by the parties who agree in advance to abide by the arbitrator's award that is issued after a hearing at which all parties have the opportunity to be heard.
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- Arbitration is a method of resolving disputes outside of court. Parties refer their disputes to an arbitrator who reviews the evidence, listens to the parties, and then makes a decision. The arbitration process is less formal than a courtroom hearing or trial (and often less expensive), but more formal than mediation or negotiation.
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Arbitration Arbitration. Arbitration is a dispute resolution process in which the disputing parties present their case to a third party intermediary (or a panel of arbitrators) who examine all the evidence and then make a decision for the parties.
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Definition of Arbitration Alternative Dispute Resolution Attorneys. Arbitration is a legal technique for the resolution of disputes outside the courts, wherein the parties to a dispute refer it to one or more persons (the arbitrators, arbiters or arbitral tribunal), by whose decision (the award) they agree to be bound.
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What Is Arbitration? - Rules & Definition Arbitration is different from mediation, another form of alternative dispute resolution, because an arbitrator makes a decision deciding the dispute while a mediator attempts to facilitate a settlement among the disputing parties. A mediator has no power to force a settlement.
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- arbitration definition. The settling of disputes (especially labor disputes) between two parties by an impartial third party, whose decision the contending parties agree to accept. Arbitration is often used to resolve conflict diplomatically to prevent a more serious confrontation.
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What is Arbitration? 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:
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- Arbitration is an alternative dispute resolution (ADR) process in which an agreed-upon person -- the arbitrator -- hears evidence and decides the result much in the same way that a judge would in court. In a car accident case, an arbitrator will decide a number of key questions. Do you recover money damages from the other driver?
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Arbitration Rules and Procedures A contract that includes an agreement to arbitrate disputes typically outlines some key aspects relating to any potential future arbitration. The rules and procedures that will be used in an arbitration are typically part of this agreement. If an outside (third party) service will be used to handle an arbitration, the contract may specify whether that service's already-established rules and procedures will be used.
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Arbitration clause In the United States, the federal government has expressed a policy of support of arbitration clauses, because they reduce the burden on court systems to resolve disputes.
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Locked / Unlocked A 'locked' mobile phone is one that has been restricted by software so that it can only be used with a single network or carrier.Locked mobile phones are usually GSM phones that use a SIM card-hence the use of the term 'SIM lock'. 'locked' mobile phone is one that has been restricted by software so that it can only be used with a single network or carrier.
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Arbitration clause Although such a clause may or may not specify that arbitration occur within a specific jurisdiction, it always binds the parties to a type of resolution outside of the courts, and is therefore considered a kind of forum selection clause.n the United States, the federal government has expressed a policy of support of arbitration clauses, because they reduce the burden on court systems to resolve disputes.
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Arbitration Agreement Law and Legal Definition Arbitration Agreement Law and Legal Definition. Arbitration agreement is a written agreement between the parties to a dispute to designate a particular arbitrator to resolve their disputes arising out of a particular business relationship. It calls for a mandatory arbitration before an arbitrator. An Arbitration agreement is usually legally binding.
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- It is widely acknowledged that the purpose of the Federal Arbitration Act (FAA) was to place arbitration clauses on equal footing with other contracts. The arbitration clause as super contract He also said that the Oman arbitration law needs to be in consonance with international laws. Plans afoot to set up arbitration centre in Oman
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arbitration arbitration - Legal Definition. n. A method of alternative dispute resolution whereby a dispute, with the consent of all the parties, is submitted to a neutral person or group for a decision, usually including full evidentiary hearing and presentations by attorneys for the parties.
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Arbitration Arbitration agreements are generally divided into two types: 1  Agreements which provide that, if a dispute should arise, it will be resolved by arbitration. These will generally be normal contracts, but they contain an arbitration clause.
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Arbitration Arbitration Definition - Arbitration is the process of using a third party to settle an insurance dispute between an insurer and a policyholder.... Arbitration Definition - Arbitration is the process of using a third party to settle an insurance dispute between an insurer and a policyholder....
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- Arbitration clauses can be mandatory or voluntary, and the arbitrator's decision may be binding or nonbinding. Mandatory Versus Voluntary Arbitration. An arbitration clause may make the arbitration either mandatory or voluntary. A dispute that is subject to mandatory arbitration must go through arbitration. In voluntary arbitration, both sides in a dispute agree to submit their disagreement to arbitration after it arises, and after they have evaluated other options for resolving it.
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Mandatory Arbitration Clauses Mandatory arbitration clauses usually state that the parties will not litigate their legal issues in the event that a dispute arises over the contract such as a breach of contract. or business disputes. Instead, the parties agree to submit to arbitration in order to resolve the dispute.
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What is an arbitration agreement? People are free to agree to use arbitration concerning anything that they could otherwise resolve through legal proceedings. An arbitration agreement is a written contract in which two or more parties agree to settle a dispute outside of court.
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- Arbitration. Arbitration is a dispute resolution process in which the disputing parties present their case to a third party intermediary (or a panel of arbitrators) who examine all the evidence and then make a decision for the parties. This decision is usually binding.
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What is Alternative Dispute Resolution? Terms to Know. 1  Arbitration - A process similar to an informal trial where an impartial third party hears each side of a dispute and issues a decision; the parties may agree to have the decision be binding or non-binding.
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- arbitration clauses in insurance policies §5.02[a] true in a variety of other commercial situations, to the point that ‘‘arbitration clauses appear in nearly every type of contract imaginable.’’8 Insurance contracts
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arbitration 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: Rather than risk a long strike, the union and management agreed to arbitration. See more.