ARBITRATION
WH
AT IS ARBITRATION
Arbitration, a form of alternative disputeresolution (ADR), is a legal technique for the resolution of disputes outside thecourts, where the parties to a dispute refer it to one or more persons (the "arbitrators","arbiters" or "arbitral tribunal"), by whosedecision (the "award") they agree to bebound
WH
AT IS ARBITRATION
I
s a settlement technique in which a thirdparty reviews the case and imposes adecision that is legally binding for bothsides.Other forms of ADR includemediation (a form of settlement negotiationfacilitated by a neutral third party) andnon-binding resolution by experts.
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Arbitration
arbitration, negotiation, reconciliation techs
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