What Is Arbitration?

A dispute-resolution process in which a dispute is referred to an arbitrator or arbitral tribunal where the applicable agreement and law provide for arbitration.

What Does Arbitration Mean?

Arbitration is a process in which the parties refer their dispute to an arbitrator or arbitral tribunal instead of a court. It is available where the agreement and the applicable law provide for it.

Why It Matters

Arbitration is often chosen for commercial disputes because of its private and structured character. Its availability and procedure depend on the agreement and the applicable law.

Related Information

Related legal terms: Mediation, Litigation, Negotiation

Related practice area: Litigation & Dispute Resolution →

Dealing With a Related Matter?

This explanation is a general starting point. If the term matters in a specific situation you are facing, a conversation about your facts can help you decide the right next step.

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This definition provides general information and does not constitute legal advice. Laws change, and their application depends on the facts of a matter. For advice on your specific situation, consult a qualified lawyer.