arbitration clause legal definition
Arbitration clause is a contract provision that mandates arbitration of disputes about the rights, duties, and liabilities of the contracting parties. This provision results in the avoidance of USLegal Home Link to This Definition Did you find this definition of ARBITRATION CLAUSE helpful? You can share it by copying the code below and adding it to your blog or web page. Legal Articles What is ARBITRATION CLAUSE? A clause inserted in a contract providing for compulsory arbitration in case of dispute as to righis or liabilities under it; ineffectual if it purports to oust the courts of jurisdiction entirely. Definition of ARBITRATION CLAUSE: A clause inserted in a contract providing for compulsory arbitration in case of dispute as to righis or liabilities under it; ineffectual if it purports to The Law Dictionary Featuring Black's Law Dictionary Free Online Legal Dictionary 2nd Ed. People are free to agree to use arbitration concerning anything that they could otherwise resolve through legal proceedings. An arbitration agreement is a written contract in which two or more parties agree to settle a dispute outside of court. by FreeAdvice staff. An arbitration agreement is a written contract in which two or more parties agree to settle a dispute outside of court. The arbitration agreement is ordinarily a clause in a larger contract. The dispute may be about the performance of a specific contract, a claim of unfair or illegal treatment in the workplace, a faulty product, among other various issues. Arbitration is an out-of-court proceeding in which a neutral third party called an arbitrator hears evidence and then makes a binding decision. Arbitration is the most commonly used method of alternative dispute resolution (ADR), and you'll find an arbitration clause in the fine print of all kinds of contracts these days. Read on to find out whether you should include an arbitration clause in your agreement. Binding or Nonbinding Arbitration Arbitration Clause Law and Legal Definition Arbitration clause is a contract provision that mandates arbitration of disputes about the rights, duties, and liabilities of the contracting parties. This provision results in the avoidance of litigation. (For more on the ins and outs of arbitration, check out Nolo's article Arbitration Basics.) Sample Arbitration Clauses. If you want to include an arbitration clause in your contract, below are some examples to take a look at. Example 1 shows a simple no frills arbitration clause; Example 2 offers more conditions and obligations. Arbitration Clause Law and Legal Definition. Arbitration clause is a contract provision that mandates arbitration of disputes about the rights, duties, and liabilities of the contracting parties. This provision results in the avoidance of litigation.
Arbitration clause is a clause inserted in a contract providing for compulsory arbitration in case of dispute as to righis or liabilities under it.