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LAW DICTIONARY

Related legal terms and Law definition:

arbitration
Arbitration is a method of dispute resolution out of the court. The parties to a conflict agree to be bound by a decision made by an arbiter, an independent third party or a panel of arbiters. The arbitration may be voluntary as well as statutory, or mandatory by the terms of the contract. The decision of an arbitrator is as binding on the parties to … Full Definition »
Dispute Resolution >> Alternate Dispute Resolution