Outrageously Funny Word Dictionary :: Arbitral

👉 In legal and international law, "arbitration" refers to a dispute resolution process in which one party (the "arbitrator") seeks to resolve a dispute between two or more parties through an impartial third party. This third party is known as the arbitrator. The arbitrator makes decisions based on their own independent judgment and often uses principles of law that are considered binding by both parties involved. Arbitration typically involves several steps: 1.

Discovery

: The first step is to

arbitral