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400 bytes added ,  17:09, January 5, 2012
add consumer/employment information, which will be a lot more applicable to the average reader
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'''Arbitration''' is the hearing of a [[dispute]] by an [[neutral|impartial]] [[third person]] or persons (chosen by the parties), whose award/decision the parties agree to accept.
 
'''Arbitration''' is the hearing of a [[dispute]] by an [[neutral|impartial]] [[third person]] or persons (chosen by the parties), whose award/decision the parties agree to accept.
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In consumer and employment contracts, arbitration agreements often include class-action waivers, requiring parties to seek relief on an individual basis only.  In April 2011, the U.S. Supreme Court ruled that states like California could not refuse to enforce an agreement to arbitrate with a class-action waiver on the grounds that it would deny class relief (''[[AT&T Mobility v. Concepcion]]'').
    
[[Category:Legal Terms]]
 
[[Category:Legal Terms]]
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