Trade Dispute Resolution
/ˈtreɪd dɪˈspjuːt ˌrɛzəˈluːʃən/
Definitions
- (n.) The legal process or mechanisms employed to resolve conflicts arising from trade agreements, commercial transactions, or labor relations within commerce.
The company opted for trade dispute resolution to avoid costly litigation over the contract disagreement.
- (n.) A framework encompassing negotiation, mediation, arbitration, or adjudication methods used to settle disputes between employers and employees.
Trade dispute resolution often involves collective bargaining and arbitration to address labor conflicts.
Forms
- trade dispute resolution
Related terms
See also
Commentary
Trade dispute resolution frequently involves both commercial and labor law principles; clarity in drafting should specify the dispute type and intended resolution method to avoid procedural ambiguity.
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.