babycat
13:22
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Warning
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LSDefine
Simple English definitions for legal terms
arbitrament and award
Read a random definition: terrorem clause
A quick definition of arbitrament and award:
Arbitrament and Award: This is when people agree to have someone else decide a disagreement between them. This person is called an arbitrator. After hearing both sides, the arbitrator makes a decision called an award. If someone tries to bring up the same disagreement again, they can be told that it has already been decided in arbitration.
A more thorough explanation:
Definition: Arbitrament and award is a plea that a matter has already been decided in arbitration.
Example: In a legal case, one party may argue that the matter at hand has already been resolved through arbitration and therefore cannot be brought to court again.
Explanation: Arbitration is a process where a neutral third party, called an arbitrator, hears both sides of a dispute and makes a decision. If a matter has already been decided through arbitration, it cannot be brought to court again. The plea of arbitrament and award is used to prevent a case from being heard in court if it has already been resolved through arbitration.