noun
- plural of arbitration; processes of settling disputes by having an impartial third party make a binding decision
Usage: legal context
Examples
- The company faced three separate arbitrations this year.
- Labor arbitrations often resolve contract disputes between unions and management.
- International arbitrations can take months to complete.
- The court ordered binding arbitrations for all pending cases.
- Commercial arbitrations are typically faster than traditional lawsuits.
- Both parties agreed to submit their disputes to arbitrations rather than go to trial.