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LSDefine

Simple English definitions for legal terms

arbitration clause

Read a random definition: agribusiness

A quick definition of arbitration clause:

An arbitration clause is a part of a contract that says if there is a disagreement between the people or companies involved, they will use a special process called arbitration to solve the problem instead of going to court. This helps them avoid a long and expensive legal battle.

A more thorough explanation:

An arbitration clause is a part of a contract that requires any disputes between the parties to be resolved through arbitration instead of going to court. This clause is used to avoid litigation and settle disputes in a more efficient and cost-effective manner.

John and Jane enter into a contract for the sale of a car. The contract includes an arbitration clause that states any disputes arising from the contract will be resolved through arbitration. If John and Jane have a disagreement about the sale of the car, they will have to go through arbitration instead of taking the matter to court.

Another example could be a contract between an employer and an employee that includes an arbitration clause for any disputes related to the employment contract.

These examples illustrate how an arbitration clause can be used to avoid costly and time-consuming litigation by requiring the parties to resolve their disputes through arbitration.

arbitration board | arbitration of exchange

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
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.
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