Arbitration legal definition of arbitration - Legal Dictionary

Arbitration. The submission of a dispute to an unbiased third person designated by the parties to the controversy, who agree in advance to comply with the award—a decision to be issued after a hearing at which both parties have an opportunity to be heard.

Arbitration - Wikipedia

Arbitration, a form of alternative dispute resolution (ADR), is a way to resolve disputes outside the courts.The dispute will be decided by one or more persons (the "arbitrators", "arbiters" or "arbitral tribunal"), which renders the "arbitration award".An arbitration award is legally binding on both sides and enforceable in the courts.

What is Arbitration? - FindLaw

Arbitration is one of various methods that together are referred to as alternative dispute resolution or ADR. As suggested by the name, the idea behind methods of ADR is to provide an alternative to filing a lawsuit and going to court, which is the traditional method for resolving legal disputes.

Arbitration | Define Arbitration at Dictionary.com

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.

Arbitration | ADR.ORG

Arbitration—the out-of-court resolution of a dispute between parties to a contract, decided by an impartial third party (the arbitrator)—is faster and more cost effective than litigation.