A B C D E F G H I J K L M N O P R S T U V W

Arbitration

A process of dispute resolution in which a neutral third party (arbitror) renders a decision after a hearing in which both parties have an opportunity to be heard. Arbitration may be voluntary or contractually required. The advantages of arbitration –…

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Arbitration clause

A contract clause included in may international contracts, stating for example: “Both parties, by mutual consent, resolve to refer any dispute to The Rules of Conciliation and Arbitration of the International Chamber of Commerce by one or more arbitrators appointed…

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