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Arbitration

Arbitration is defined as a method of resolving a dispute with the professional help of a neutral third party who specializes in resolving labor-management, collective or individual conflicts and delivering a final legal decision. What sets the dispute resolution method apart from a court case is that it’s not as formal and is more flexible. What’s more is arbitration offers a faster scheduling time when compared to a traditional trial. During the resolution, the neutral third party, known as the arbitrator, listens to all sides of the dispute and becomes both the jury and the judge. There are times where arbitration is legally required, and others where it’s fully voluntary.

Related terms:

      

  • pre-paid group legal plan
  •   

  • libel
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  • fair representation

Legal Disclaimer

The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.

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