Arbitration Award
/ˌɑːrbɪˈtreɪʃən əˈwɔːrd/
Definitions
- (n.) A final decision rendered by an arbitration tribunal resolving a dispute between parties.
The arbitration award concluded the contract dispute without going to court.
- (n.) The document or formal statement issued to announce the arbitration tribunal's decision and its terms.
The parties received the arbitration award outlining the obligations of each side.
Forms
- arbitration awards
Related terms
See also
Commentary
The arbitration award is typically final and binding, often enforceable through courts under arbitration laws or treaties.
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.