arbitration clause
Definition
Provision, included in certain construction, insurance, labor, sale, or other types of contracts, requiring settlement of disputes through arbitration instead of litigation. Often the procedure to be followed in arbitration is also laid down in the same document.
Popular 'Agreements & Contracts' Terms
arbitration clause in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/arbitration-clause.html
