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What does going to arbitration mean?

Arbitration is a way of settling a dispute without having to go to court. You are called the claimant and the party youre taking action against is the respondent. You both put your case to an independent person called an arbitrator.

What does arbitration mean in simple terms?

Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.

What is arbitration and when is it used?

Arbitration is a method of alternative dispute resolution (ADR). It is used to develop mutually agreeable settlements between opposing parties rather than filing a lawsuit and taking the case to court. However, both parties must agree to arbitrate rather than going to trial.

What is an example of arbitration?

An example of an arbitration would be when two people who are divorcing cannot agree on terms and allow a third party to come in to help them negotiate.

What is arbitration in simple terms?

arbitration in American English 1. 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.

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