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mandatory arbitration
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mandatory arbitration


The contract includes a mandatory arbitration clause.
  an agreement whereby potential parties to litigation agree to submit their dispute to an impartial third party for resolution
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Notes:
Arbitration is typically seen as a less expensive and quicker alternative to litigation (or perhaps a labor strike). Arbitration terms vary under jurisdiction and contract.

If the arbitration is not "binding", it can be appealed in court; though the hope is that it will encourage an out-of-court settlement.  Often, the risk to the appealing party in a non-binding arbitration is that if it does not obtain a better result at trial, it must pay the costs and attorney fees of the other party. In most countries, even binding arbitration is subject to legal appeal in the case of fraud or some serious legal irregularity.

Small dollar disputes may require that all arguments be conducted by telephone, on-line, and/or based solely upon written submissions where no in-person appearance is required. Alternatively, an arbitration may resemble a court proceeding where each side calls witnesses, presents evidence, and makes arguments.
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  • The contract includes a mandatory arbitration clause.
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Associated words [difficulty]:   mandatory arbitration , bar [1] , Chapter 11 bankruptcy [3] , grand jury [5] , recuse [5] , circumstantial evidence [6] , entrapment [6] , extradition [6] , inside information [6] , subpoena [6] , conflict of interest [7] , restraining order [7] , certiorari [8] , class action [8] , power of attorney [8] , pro bono [8] , public domain [8] , tort [8] , Uniform Commercial Code [9] , bench warrant [9] , collective bargaining [9] , corpus delicti [9] , de jure [9] , demurrer [9] , deponent [9] , ex parte [9] , notary public [9] , prima facie [9] , pseudoscience [9]
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Most commonly used in these subjects:   Law, Personal Finance
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