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Simple English definitions for legal terms
arbitration and award
Read a random definition: creditrix
A quick definition of arbitration and award:
Arbitration and Award: This is a defense that says the problem being talked about in the case has already been solved by an arbitrator. An arbitrator is someone who listens to both sides of a problem and makes a decision. So, this defense means that the problem has already been solved and there is no need to talk about it again in court.
A more thorough explanation:
Definition: Arbitration and award is an affirmative defense that claims the issue being disputed in a legal action has already been resolved through arbitration.
Example: A company is being sued by a former employee for wrongful termination. The company responds with an arbitration and award defense, stating that the employee had signed an agreement to resolve any disputes through arbitration and that the issue of termination had already been settled in arbitration.
Explanation: In this example, the company is using the arbitration and award defense to argue that the former employee cannot bring a lawsuit for wrongful termination because the issue has already been resolved through arbitration. The defense is asserting that the employee agreed to resolve any disputes through arbitration and that the decision made in arbitration is final and binding.