A private dispute resolution process where an arbitrator decides the outcome instead of a court.
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Arbitration
A private dispute resolution process where an arbitrator decides the outcome instead of a court.
Related terms
- Mediation — A voluntary negotiation process with a neutral third party helping disputing sides reach settlement.
- Verdict — The final decision by a judge or jury resolving disputed facts and determining liability and damages.
- Judgment — The official court decision resolving the legal dispute, including awarded damages and applicable legal rulings.