Legal Dictionary
Arbitration Institution
Definition
An institution chosen by the disputing parties to render a decision regarding a specific dispute; the institution may also provide binding opinions regarding a specific legal relationship in the event that a dispute has not yet arisen.
Category
Arbitration & ADR
Example Sentence
- Example: The parties chose an arbitration institution to resolve the dispute efficiently.
Synonyms
No synonyms recorded.
Reference Source
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General references: arbitration, mediation, and ADR
Inter-Term Relations
No relations recorded yet.