Arbitration

Arbitration, a type of alternative dispute resolution (ADR), is a method of resolving conflicts outside of the courts. The disagreement will be resolved by one or more individuals (the 'arbitrators,' 'arbiters,' or 'arbitral tribunal,' who will issue the 'arbitration award.' Unless all parties agree that the arbitration procedure and outcome are non-binding, an arbitration judgement or award is legally binding on both parties and enforceable in court.