Difference between revisions of "Arbitration"
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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. | ||
[[Category:Legal Terms]] | [[Category:Legal Terms]] | ||
Revision as of 03:49, January 4, 2012
Arbitration is the hearing of a dispute by an impartial third person or persons (chosen by the parties), whose award/decision the parties agree to accept.