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Results for "arbitrament"

Arbitrament

Definition: Arbitration is a process in which two or more parties settle disputes without the need for a judge or jury, often involving a third party to act as mediator between them. This process can help resolve disputes that are amicable but not fully resolved by a judge. The term "arbitrary" refers to its arbitrary nature, where decisions made based on principles rather than clear laws.


arbitrament

Arbitraments

Definition: Arbitration - Dispute Resolution Process Where Two Parties Have An Agreed-upon Reasonable Time And Place To Present A Dispute, With Both Parties Involved In The Decision Making Process. If No Agreement Is Found, One Party Has The Right To Appeal To Court For Resolution Of Disputes.


arbitraments