Dispute Resolution Legal Terms and Legal Words. Alternate Dispute Resolution Terminology

arbiter

a person chosen to judge and decide a disputed issue. Another word: a referee. … Full Definition »

Law topic: Dispute Resolution << Legal issue: Alternate Dispute Resolution

arbitration

Arbitration is a method of dispute resolution out of the court. The parties to a conflict agree to be bound by a decision made by an arbiter, an independent third party or a panel of arbiters. The arbitration may be voluntary as well as statutory, or mandatory by the terms of the contract. The decision of an arbitrator is as binding on the parties to … Full Definition »

Law topic: Dispute Resolution << Legal issue: Alternate Dispute Resolution

arbitrator

A private, neutral person chosen to arbitrate a disagreement, as opposed to a court of law. An arbitrator could be used to settle any non-criminal dispute, and many business contracts make provisions for an arbitrator in the event of a disagreement. In the United States, the American Arbitration Association (AAA) provides services to individuals and … Full Definition »

Law topic: Dispute Resolution << Legal issue: Alternate Dispute Resolution

award

a compensation or a right to a compensation given to a prevailing party; The decision of an arbitrator or a judge in a judicial proceeding. 2) v. to give a judgment of money to a party to a lawsuit, arbitration, or administrative claim. Example: "Plaintiff is awarded $27,000"; joint custody award; child support award; attorney fee award. See also: … Full Definition »

Law topic: Dispute Resolution << Legal issue: Alternate Dispute Resolution