Binding arbitration

HomePage | Recent changes | View source | Discuss this page | Page history | Log in |

Printable version | Disclaimers | Privacy policy

Generally, a form of alternative dispute resolution in which the parties to a dispute agree to abide by the decision of a third party (the arbitrator) without recourse to the courts. Often both sides agree to submit their desired outcomes to the arbitrator who then picks one or the other outcome but who does not have the power to make any other decision (such as something in the middle, for example).