An arbiter is an impartial individual or entity appointed to resolve disputes, render decisions, or adjudicate matters in a fair and unbiased manner. Arbiters are often chosen by parties involved in a dispute to serve as neutral third parties and facilitate the resolution of conflicts outside of the formal court system. They may be experts in a particular field or have specialized knowledge relevant to the issues in dispute. Arbiters conduct hearings, review evidence, hear arguments from both sides, and ultimately render a decision or award that is binding on the parties involved. Arbitration, the process in which arbiters preside over disputes, is a form of alternative dispute resolution that offers parties a more efficient, cost-effective, and flexible means of resolving their differences compared to traditional litigation. Arbiters play a crucial role in ensuring that disputes are resolved fairly, equitably, and in accordance with applicable laws and agreements, thereby promoting confidence in the justice system and fostering peaceful resolution of conflicts.
n. in some jurisdictions the name for a referee appointed by the court to decide a question and report back to the court, which must confirm the arbiter’s finding before it is binding on the parties.
Arbiter (noun): 1. A person or entity entrusted with the authority to make impartial judgments or decisions in a dispute or conflict, often based on their expertise or position of power. 2. A referee or judge who oversees and ensures fair play and adherence to rules in a game, competition, or legal proceeding. 3. A person who has the ability to settle or mediate disagreements between others, acting as a neutral party to facilitate resolution and maintain harmony. 4. A person or thing that serves as the ultimate authority or final determinant in a particular matter, often possessing extensive knowledge or experience in the field. 5. In historical contexts, an arbiter refers to a person or nation that holds significant influence or control over the affairs of others, particularly in matters of diplomacy or international relations.
Arbiter refers to a neutral third party appointed to resolve disputes between two or more parties. The role of an arbiter is to listen to both sides of the argument, review evidence, and make a binding decision that is enforceable by law. Arbitration is a form of alternative dispute resolution that is often chosen as an alternative to litigation due to its efficiency, confidentiality, and flexibility. The decision made by an arbiter is known as an arbitral award and is typically final and binding, with limited grounds for appeal. Arbitration agreements are commonly included in contracts to ensure that any disputes arising from the contract will be resolved through arbitration rather than through the court system.
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This glossary post was last updated: 29th March, 2024.
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