Difference between revisions of "Arbitration"
(Created page with "'''Content Coming Soon'''") |
m |
||
| Line 1: | Line 1: | ||
| − | + | == What does arbitration mean? == | |
| + | |||
| + | Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court. It is used as an out-of-court method to resolve disputes. Arbitration is an important means of reducing the time and cost usually associated with court proceedings. | ||
| + | |||
| + | |||
| + | ==See Also== | ||
| + | *[[Outsourcing Relationship Management (ORM)]] | ||
| + | *[[Vendor Relationship Management (VRM)]] | ||
| + | |||
| + | |||
| + | |||
| + | |||
| + | |||
| + | ==References= | ||
| + | <references /> | ||
Revision as of 14:25, 16 December 2022
What does arbitration mean?
Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court. It is used as an out-of-court method to resolve disputes. Arbitration is an important means of reducing the time and cost usually associated with court proceedings.
See Also