arbitration

Definition

A process in which a disagreement between two or more parties is resolved by impartial individuals, called arbitrators, in order to avoid costly and lengthy litigation.

Use arbitration in a sentence

There was an arbitration clause in the contract making it necessary to seek out a mediator before going to an attorney to settle disputes.

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By settling disputes via arbitration, parties involved in costly and time consuming litigation issues can resolve issues without the need to escalate matters toward the civil courts systems.

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Lucy hated having to enact arbitration to close a deal between the seller and buyers when terms of purchase reached a deadlock from inadequate representation of one of the parties involved.

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compulsory arbitration mediation