Term
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Definition
| the settling of a dispute by submitting it to a disinterested third party who renders a decision. May or may not be legally binding |
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Term
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Definition
| a disinterested party, who, by prior agreement of the parties submitting their dispute to arbitration, has the power to resolve the dispute and (generally) bind the party |
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Term
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Definition
| in the context of litigation, the amount of money awarded to a plaintiff in a civil law suit as damages. In the context of arbitration, the arbitrators decision |
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Term
| early neutral case evaluation |
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Definition
| neutral third party evaluates the case and his opinions form the basis for negotiation |
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Term
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Definition
| adr in which the parties reach an agreement themselves with the help of the facilitator (neatral third party) |
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Term
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Definition
| method of settling disputes outside of the court where a mediator communicates between the parties and suggest ways in which they can settle their dispute |
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Term
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Definition
| a person who attempts to reconcile the differences between two or more parties |
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Term
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Definition
| each party argues its position before each other and try to reach an agreement |
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Term
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Definition
| parties try to settle their dispute without going to court, with or without attorney to represent them |
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Term
| online dispute resolution (ODR) |
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Definition
| the resolution of disputes with the assistance of organizations that offer dispute-resolution services via the internet |
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Term
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Definition
| an agreement by two or more parties to refer any disputes they may have under their contract to a disinterested third party, such as an arbitrator, who has the power to render a binding decision |
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