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LSDefine

Simple English definitions for legal terms

arbitration board

Read a random definition: curatio

A quick definition of arbitration board:

An arbitration board is a group of people who are chosen to listen to a disagreement and make a decision based on the rules of arbitration. This is a way to solve a problem without going to court.

An arbitration bond is a type of performance bond that is given by the parties involved in an arbitration. This bond ensures that the parties will follow through with their agreement.

A performance bond is a type of agreement that ensures that a contract will be completed on time. This can be given by a surety or a third party. There are different types of performance bonds, including nonoperative, operative, revolving, and up-front.

A more thorough explanation:

An arbitration board is a group of arbitrators who are appointed to hear and make a decision on a dispute based on the rules of arbitration.

For example, if two parties have a disagreement and they agree to use arbitration to resolve it, they may appoint an arbitration board to hear their case and make a decision. The decision made by the arbitration board is usually binding and cannot be appealed.

An arbitration bond is a type of performance bond that is executed by the parties involved in an arbitration.

For example, if two parties agree to use arbitration to resolve a dispute, they may be required to provide an arbitration bond to ensure that they will comply with the decision made by the arbitration board. If one party fails to comply with the decision, the other party can use the arbitration bond to recover damages.

arbitration and award | arbitration clause

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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