Arbitrament definitions
| Word backwards | tnemartibra |
|---|---|
| Part of speech | The word "arbitrament" is a noun. |
| Syllabic division | ar-bi-tra-ment |
| Plural | The plural of the word "arbitrament" is "arbitraments". |
| Total letters | 11 |
| Vogais (3) | a,i,e |
| Consonants (5) | r,b,t,m,n |
Understanding Arbitrament
Arbitrament is a method of dispute resolution where an impartial third party, known as an arbitrator, is appointed to make a binding decision on a conflict. This process is often chosen by parties seeking a more efficient and cost-effective alternative to litigation in courts.
The Arbitration Process
Arbitration begins with both parties agreeing to submit their dispute to arbitration instead of going to court. The arbitrator then reviews evidence, listens to arguments from each side, and ultimately issues a decision, known as an arbitral award. This award is legally binding and enforceable.
Benefits of Arbitration
Arbitration offers several advantages over traditional litigation, including confidentiality, flexibility in scheduling, and the ability to choose an arbitrator with expertise in the specific subject matter of the dispute. Additionally, arbitration awards are often final and not subject to appeal, providing a quicker resolution to the conflict.
Enforcing Arbitration Awards
Once an arbitral award is issued, it can be enforced in court if the losing party does not comply voluntarily. This can involve the winning party obtaining a court judgment based on the arbitral award, allowing for enforcement mechanisms such as wage garnishment or property liens.
Arbitration is a widely used method of alternative dispute resolution in various industries, including business, construction, and international trade. Its popularity continues to grow due to its efficiency, expertise, and finality in resolving conflicts.
Arbitrament Examples
- The arbitrament of the dispute was left in the hands of a professional mediator.
- The arbitrament of the contract terms was agreed upon by both parties.
- The final arbitrament favored the defendant in the legal case.
- The arbitrator's arbitrament was seen as fair by both sides.
- The arbitrament of the stock market was unpredictable due to external factors.
- The arbitrament of the competition results shocked everyone in attendance.
- We relied on the arbitrament of an expert to make our decision.
- The arbitrament of the property boundaries caused tension between neighbors.
- The arbitrament of the pricing strategy was crucial for the success of the product launch.
- In the end, the arbitrament of the matter was left to chance.