← Glossary

Arbitration

A private dispute resolution process where an arbitrator decides the outcome instead of a court.

A private dispute resolution process where an arbitrator decides the outcome instead of a court.

Related terms

  • Mediation — A voluntary negotiation process with a neutral third party helping disputing sides reach settlement.
  • Verdict — The final decision by a judge or jury resolving disputed facts and determining liability and damages.
  • Judgment — The official court decision resolving the legal dispute, including awarded damages and applicable legal rulings.

Want to see this in practice?

Start a trial