Legal Definitions - arbitrium

Arbitrium

Arbitrium refers to the formal and binding decision or award issued by an arbitrator after hearing a dispute. It is the final judgment made by an impartial third party chosen by the disputing parties to resolve their conflict outside of a traditional court setting.

• Example 1: Business Contract Dispute

  Two technology companies, InnovateTech and GlobalConnect, had a disagreement over the terms of a software licensing agreement. Instead of pursuing litigation in court, their contract stipulated that any disputes would be resolved through binding arbitration. After reviewing all evidence, hearing arguments from both legal teams, and considering the relevant contract clauses, the appointed arbitrator issued a ruling that clarified the payment schedule and intellectual property rights for both parties. This definitive ruling is the arbitrium.

• Example 2: Employment Termination Claim

  Sarah, a former employee, filed a claim against her previous employer, Apex Corporation, alleging wrongful termination. Her employment agreement included a mandatory arbitration clause for such disputes. An independent arbitrator was appointed to hear the case. After several sessions where both Sarah and Apex Corporation presented their evidence and arguments, the arbitrator delivered a decision stating that while the termination was lawful, Apex Corporation owed Sarah a specific amount in unpaid severance as per company policy. This final determination by the arbitrator is the arbitrium.