17:35
@LawIsForPeasants: while charlie kirk's facts do not care about your feelings, just know that I do!
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LSDefine
Simple English definitions for legal terms
oversman
Read a random definition: ex intervallo
A quick definition of oversman:
An oversman is a person who is appointed to make a final decision when arbitrators cannot agree. They are impartial and make sure that everyone is treated fairly. In some places, oversman is another word for umpire.
A more thorough explanation:
Definition: An oversman is an impartial person appointed to make a final decision or award when arbitrators have failed to agree. It is also known as an umpire, especially in legal contexts.
For example, if two parties are in a dispute and they cannot come to an agreement, they may choose to go to arbitration. If the arbitrators cannot agree on a decision, they may appoint an oversman to make the final decision.
In Scots law, the term oversman is used instead of umpire.
Example: In a labor dispute, the union and the company could not agree on a new contract. They decided to go to arbitration, but the arbitrators could not come to a decision. So, they appointed an oversman to make the final decision on the terms of the new contract.
This example illustrates how an oversman is used in a situation where two parties cannot come to an agreement and need an impartial third party to make a final decision.