binding arbitration
Compulsory dispute resolution
Binding arbitration is a method of resolving disputes outside the courtroom, where parties agree to accept an arbitrator's decision as final and legally enforceable.
Unlike mediation, the outcome cannot be rejected or appealed.
Many contracts require binding arbitration for disputes, often favoring corporations over consumers: The fine print included a binding arbitration clause.
- contract enforcementEnsuring contractual terms are honored
- claimantOne asserting entitlement
- labor disputesWorker-employer conflicts
- out of courtResolved privately, no trial
- neutral partyUnbiased participant in disputes
respondent · confidentiality agreements · legal advisor · expert witness · legal precedent · settlement negotiations · dispute resolution · employment contract · fine print
- litigationpleadings, lawsuit, plaintiff, complaint, lawsuits
- contract termscontract terms, agreement, terms, conditions, condition
- dispute resolutionmediation, mediating, negotiating, conciliation, compromise
- labor relationslabor relations, labor disputes, collective agreement, union elections, bargaining
- settlementsvillage, cities, hamlet, city, towns
- legal termstrial, legal, appeal, lawsuit, law
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