Outrageously Funny Word Definitions :: Entitled Ior

🔎


What is the definition of Entitled Ior? 🙋

👉 The entitled IOR, or International Organization for Standardization's International Arbitration Rules, specifically refers to the "Entitlement to Arbitration" clause, which is a provision in contracts that obligates parties to submit any disputes arising from their agreement to arbitration rather than litigation. This clause ensures that if a dispute does arise, it will be resolved through an arbitration process, typically overseen by an international arbitration body like the International Centre for Settlement of Investment Disputes (ICSID) or a private arbitration institution. The entitled IOR clause is crucial as it formalizes the parties' agreement to this alternative dispute resolution method, providing a structured and often more efficient, confidential, and enforceable means of resolving conflicts compared to court proceedings.


entitled ior

https://goldloadingpage.com/word-dictionary/entitled ior


Stained Glass Jesus Art