A legal method of resolving a dispute without going to court.
A process where disputes are settled by referring them to a fair and neutral third party (arbitrator). The disputing parties agree in advance to agree with the decision of the arbitrator. There is a hearing where both parties have an opportunity to be heard, after which the arbitrator makes a decision.
- Browse Related Terms: Arbitration, Architect, co-mortgagor, covenants, Day, Easement, Easements, Encroachments, Engineer, Forfeiture, Notice of Default, Planned Unit Development (PUD), Power of attorney, Property (Fixture and Non-Fixture), Survey, tenancy
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