Commercial Arbitration
/ˌkɒmɜːrʃəl ˌɑːrbɪˈtreɪʃən/
Definitions
- (n.) A method of resolving commercial disputes outside courts by submitting them to impartial arbitrators whose decision is binding.
The two companies agreed to resolve their contract dispute through commercial arbitration.
Forms
- commercial arbitration
- commercial arbitrations
Related terms
See also
Commentary
Commercial arbitration is favored for its confidentiality, speed, and expertise in resolving business disputes compared to traditional litigation.
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.