Glossary Archive

Arbitration Clause in Contracts An arbitration clause is a provision included in a contract that requires the parties to resolve their disputes through arbitration rather than through litigation in court. This clause outlines the process for arbitration, specifying details such as how the arbitrator will be chosen, the location of the arbitration, and the rules...

Arbitration Exclusion Clause An Arbitration Exclusion Clause is a provision in a contract that explicitly states that disputes arising under the agreement will not be resolved through arbitration. Instead, such disputes may be handled through litigation in a court of law or through negotiation, mediation, or other alternative dispute resolution methods, but not through arbitration....

Arbitration Hearing An arbitration hearing is a formal proceeding in which a neutral third party, known as the arbitrator, hears evidence and arguments from the disputing parties in a private setting. The purpose of the hearing is to resolve a disagreement or dispute outside of the traditional court system. In an arbitration hearing, both parties...

Arbitration Institution Selection Arbitration Institution Selection refers to the process of choosing a specific organization or institution to administer an arbitration proceeding. In the context of dispute resolution, arbitration is a method where an impartial third party, known as an arbitrator, resolves disputes outside of the court system. The selected institution typically provides the framework,...

Arbitration Arbitration is a method of dispute resolution where parties agree to submit their conflict to one or more arbitrators, who make a binding decision on the matter. It is an alternative to traditional litigation in court and is often favored for its efficiency, confidentiality, and potential cost savings. Arbitration typically involves the following characteristics:...

Arbitration Opt-Out An Arbitration Opt-Out is a provision that allows individuals or parties to exclude themselves from mandatory arbitration clauses in contracts. This provision gives the signer the choice to bypass arbitration and instead pursue legal actions in court. When a contract includes an arbitration clause, it typically requires the parties to resolve disputes through...

Arbitration Panel An Arbitration Panel is a group of neutral third-party individuals appointed to resolve disputes between parties outside of the court system through a process known as arbitration. This panel typically consists of one or more arbitrators who are selected based on their expertise in the relevant field or subject matter of the dispute....

Arbitration Arbitration is a method of alternative dispute resolution in which an independent third party, known as an arbitrator, is appointed to resolve a dispute outside of the formal court system. This process is often used in commercial, contractual, and employment disputes as a more flexible and potentially faster means of achieving a resolution. Arbitration...

Arbitration Scheduling Conflicts Arbitration scheduling conflicts refer to situations where the availability of parties, witnesses, or representatives in an arbitration proceeding does not align, hindering the progress of the arbitration process. Arbitration is a private dispute resolution mechanism where an impartial third party, known as an arbitrator, makes a binding decision on a dispute outside...

Arbitration Scheduling Order An Arbitration Scheduling Order is a formal document issued by an arbitrator or arbitration panel that outlines the timeline and procedures for the arbitration process. This order serves to organize and manage the arbitration proceedings efficiently, ensuring that both parties adhere to specific deadlines and processes. Typically, the Arbitration Scheduling Order includes...