Arbitrated definitions
| Word backwards | detartibra |
|---|---|
| Part of speech | The part of speech of the word "arbitrated" is a verb. |
| Syllabic division | ar-bi-trat-ed |
| Plural | The plural form of the word "arbitrated" is "arbitrated." |
| Total letters | 10 |
| Vogais (3) | a,i,e |
| Consonants (4) | r,b,t,d |
Arbitration is a method of dispute resolution that involves a neutral third party, known as an arbitrator, who hears arguments from both sides and makes a decision. This process is often used as an alternative to litigation in court, offering a more efficient and cost-effective way to resolve conflicts.
Key Benefits of Arbitration
One of the key benefits of arbitration is that it is usually faster than traditional litigation. Cases can often be resolved in a matter of months, compared to the potentially years-long process of going to court. Additionally, arbitration can be more flexible, allowing parties to choose their arbitrator and schedule hearings at times that are convenient for all involved.
Arbitration Process
The arbitration process typically begins with the selection of an arbitrator or panel of arbitrators. These individuals are chosen for their expertise in the subject matter of the dispute and their ability to remain neutral. The parties involved then present their arguments and evidence to the arbitrator, who will then make a decision that is binding on both sides.
Confidentiality and Enforceability
Arbitration proceedings are often confidential, meaning that the details of the dispute are not made public. This can be advantageous for parties who wish to keep sensitive information out of the public eye. Additionally, arbitration awards are generally easier to enforce than court judgments, as they can be enforced in most countries around the world.
In conclusion, arbitration is a valuable method of dispute resolution that offers numerous benefits to parties involved in conflicts. From its efficiency and flexibility to its confidentiality and enforceability, arbitration provides a viable alternative to traditional litigation.
Arbitrated Examples
- The couple arbitrated their divorce settlement through mediation.
- The labor union and the company arbitrated their contract disputes.
- The United Nations arbitrated a peace agreement between the warring nations.
- The judge arbitrated the dispute between the two neighbors over the property line.
- The arbitrator was called in to arbitrate the disagreement between the business partners.
- The committee arbitrated the decision on which team would win the championship.
- The mediator arbitrated the conflict between the two coworkers in the office.
- The board of directors arbitrated the disagreement over the company's new direction.
- The parents arbitrated the argument between their children over the toy.
- The dispute was finally arbitrated by a third party to reach a resolution.