Arbitration Panel
/ˌɑːrbɪˈtreɪʃən ˈpænəl/
Definitions
- (n.) A body of one or more arbitrators appointed to hear and decide a dispute outside the courts.
The arbitration panel issued a binding decision after reviewing the contract dispute.
Forms
- arbitration panels
Related terms
See also
Commentary
Often composed of multiple arbitrators, the panel's decisions are generally final and binding; care should be taken in drafting arbitration agreements to specify the panel's composition and powers.
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.