Arbitral Award
/ˌɑːrbɪtrəl əˈwɔːrd/
Definitions
- (n.) A formal decision rendered by an arbitration tribunal resolving a dispute between parties.
The parties accepted the arbitral award as final and binding.
Forms
- arbitral awards
Related terms
See also
Commentary
An arbitral award is typically final and binding, subject to limited judicial review or annulment procedures depending on jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.