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November 3rd, 2012 by LawAdmin

arbitration, n. A method of dispute resolution involving one or more neutral third parties who are usu. agreed to by the disputing parties and whose decision is binding. – Also termed (redundantly) bindingarbitralion. Cf. MEDIATION (t). [Cases: Alternative Dispute Resolution 111.] – arbitrate, vb. arbitral, adj. ad hoc arbitration. (1931) Arbitration of only one issue.

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