What is arbitration?

  • (noun): (law) the hearing and determination of a dispute by an impartial referee agreed to by both parties (often used to settle disputes between labor and management).
    See also — Additional definitions below

Arbitration

Arbitration, a form of alternative dispute resolution (ADR), is a technique for the resolution of disputes outside the courts, where 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. It is a resolution technique in which a third party reviews the evidence in the case and imposes a decision that is legally binding for both sides and enforceable. Other forms of ADR include mediation (a form of settlement negotiation facilitated by a neutral third party) and non-binding resolution by experts. Arbitration is often used for the resolution of commercial disputes, particularly in the context of international commercial transactions. The use of arbitration is also frequently employed in consumer and employment matters, where arbitration may be mandated by the terms of employment or commercial contracts.

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Some articles on arbitration:

Court Of Arbitration (New South Wales) - Background
... strike in 1890 led to the introduction in 1892 of the Trades Dispute Conciliation and Arbitration Act 1892 (NSW) ... This Act provided the first legislated non-common law arbitration scheme for disputes between employers and employees ... the agreement of both employer and employee to engage in conciliation or arbitration ...
Arbitration Roundtable Of Toronto - Associations
... Members of The Arbitration Roundtable of Toronto are associated with international groups promoting arbitration including ADR Chambers, The International ...
Conciliation And Arbitration Act 1904
... The Conciliation and Arbitration Act 1904 was an Australian Commonwealth Government Act "relating to Conciliation and Arbitration for the Prevention and Settlement of Industrial (workplace ... disputes To constitute a Commonwealth Court of Conciliation and Arbitration having jurisdiction for the prevention and settlement of industrial disputes To provide for the ... relations for the whole nation by establishing the Commonwealth Court of Conciliation and Arbitration ...
Arbitration Roundtable Of Toronto - Arbitration
... Arbitration focuses on resolving conflicts outside of courthouse litigation ... Parties defer to one or more mutually acceptable arbitrators who will come to the final decision ...
Arbitration - Nomenclature
... As methods of dispute resolution, arbitration procedure can be varied to suit the needs of the parties ... Certain specific "types" of arbitration procedure have developed, particularly in North America ... Judicial Arbitration is, usually, not arbitration at all, but merely a court process which refers to itself as arbitration, such as small claims arbitration before the County Courts in the ...

More definitions of "arbitration":

  • (noun): The act of deciding as an arbiter; giving authoritative judgment.
    Example: "They submitted their disagreement to arbitration"
    Synonyms: arbitrament, arbitrement