Outrageously Funny Word Dictionary :: Arbitratorship

👉 Arbitratorship is a legal concept in which an impartial third party, known as an arbitrator, makes decisions on behalf of parties involved in a dispute. The arbitrator's decision must be binding and final, meaning that it cannot be appealed or modified by either party. In many jurisdictions, arbitration is a common method for resolving disputes between businesses, companies, or individuals where the parties have not reached a mutual agreement or are unable to resolve their differences through other means. Arbitration allows parties

arbitratorship