arbitration clause

Thesaurus

Noun

arbitration clause - a clause in a contract providing for arbitration of disputes arising under the contractclause, article - a separate section of a legal document (as a statute or contract or will)contract - a binding agreement between two or more persons that is enforceable by law

Arbitration Clause

A clause in a contract stating that, in the event of a dispute, parties shall follow an extrajudicial means of resolution in which they make their cases before an impartial person or panel. The clause may also indicate the specific process the parties shall follow in the event of arbitration. The clause is intended to save both parties the time and expense of a lawsuit.

arbitration clause

noun

Words related to arbitration clause

noun a clause in a contract providing for arbitration of disputes arising under the contract

Related Words

clause
article
contract

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