{"id":54427,"date":"2020-11-06T10:18:31","date_gmt":"2020-11-06T10:18:31","guid":{"rendered":"https:\/\/www.healthbenefitstimes.com\/glossary\/?p=54427"},"modified":"2022-04-27T05:45:26","modified_gmt":"2022-04-27T05:45:26","slug":"arbitration","status":"publish","type":"post","link":"https:\/\/www.healthbenefitstimes.com\/glossary\/arbitration\/","title":{"rendered":"Arbitration"},"content":{"rendered":"

In educational labor relations, a procedure under which a neutral third party (arbitrator) hears both the union\u2019s and the administration\u2019s side in a dispute and issues an award that is binding upon both sides.<\/p>\n

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In educational labor relations, an impartial third party to whom disputing parties submit their differences for a decision.<\/p>\n

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A procedure under which two parties submit their dispute for resolution to a neutral third party, selected by the parties or appointed by the court, often from the American Arbitration Association. The procedure is informal, though each side can present evidence and bring witnesses, and the decision is binding on both parties (unlike mediation). Using arbitration, disputants can avoid the cost, delay, and hard feelings that often attend court cases, so many divorce agreements include a clause specifying that arbitration will be used in case of later disagreement.<\/p>\n

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A method of resolving disputes without use of the courts. A single arbitrator or panel of arbitrators is chosen by the parties to hear the case, and the parties agree to be bound by the arbitrators decision. The arbitrator’s decision is usually final; a court will not overrule it unless there was fraud or partiality involved.<\/p>\n

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A legal procedure for settling a dispute outside the courts, in which the parties select and agree to abide by the decision of a neutral third party (the arbiter or arbitrator).<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

In educational labor relations, a procedure under which a neutral third party (arbitrator) hears both the union\u2019s and the administration\u2019s side in a dispute and issues an award that is binding upon both sides. In educational labor relations, an impartial third party to whom disputing parties submit their differences for a decision. A procedure under […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-54427","post","type-post","status-publish","format-standard","hentry","category-a"],"yoast_head":"\nArbitration - Definition of Arbitration<\/title>\n<meta name=\"description\" content=\"In educational labor relations, a procedure under which a neutral third party (arbitrator) hears both the union\u2019s and the administration\u2019s side in a dispute and issues an award that is binding upon both sides.In educational labor relations, an impartial third party to whom disputing parties submit their differences for a decision.A procedure under which two parties submit their dispute for resolution to a neutral third party, selected by the parties or appointed by the court, often from the American Arbitration Association. The procedure is informal, though each side can present evidence and bring witnesses, and the decision is binding on both parties (unlike mediation). Using arbitration, disputants can avoid the cost, delay, and hard feelings that often attend court cases, so many divorce agreements include a clause specifying that arbitration will be used in case of later disagreement.A method of resolving disputes without use of the courts. A single arbitrator or panel of arbitrators is chosen by the parties to hear the case, and the parties agree to be bound by the arbitrators decision. The arbitrator's decision is usually final; a court will not overrule it unless there was fraud or partiality involved.A legal procedure for settling a dispute outside the courts, in which the parties select and agree to abide by the decision of a neutral third party (the arbiter or arbitrator).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.healthbenefitstimes.com\/glossary\/arbitration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arbitration - Definition of Arbitration\" \/>\n<meta property=\"og:description\" content=\"In educational labor relations, a procedure under which a neutral third party (arbitrator) hears both the union\u2019s and the administration\u2019s side in a dispute and issues an award that is binding upon both sides.In educational labor relations, an impartial third party to whom disputing parties submit their differences for a decision.A procedure under which two parties submit their dispute for resolution to a neutral third party, selected by the parties or appointed by the court, often from the American Arbitration Association. 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