Arbitrate

To act as an impartial judge in a dispute, controversy, or difference between two or more parties, aiming to reach a fair and binding settlement or resolution.

Arbitrating involves listening to all sides of the argument, reviewing evidence, and rendering a decision that is intended to be just and equitable.

This process provides an alternative to litigation, often offering a quicker, less formal, and more cost-effective way to resolve conflicts.

The outcome of arbitration can be legally binding, depending on the agreements made by the involved parties beforehand, and the specific legal framework in place.

Arbitrate meaning with examples

• The company and the union agreed to arbitrate the contract dispute, hoping a neutral third party could find common ground and prevent a strike that would harm both sides.
• Rather than going to court, the feuding neighbors decided to arbitrate their property line disagreement, seeking a resolution that respected both their interests and the law.
• Because of the complexity of international trade laws, many cross-border commercial disputes are resolved through international arbitration, ensuring a neutral and expert forum.
• When the family couldn't agree on how to divide the inheritance, they hired a professional mediator to arbitrate and facilitate a fair allocation of assets among the heirs.