Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

arbitration board

Read a random definition: nul

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.