Arbitration Clause (Noun)
Meaning
A clause in a contract providing for arbitration of disputes arising under the contract.
Classification
Nouns denoting communicative processes and contents.
Examples
- The arbitration clause in the employment contract required that all disputes be resolved through binding arbitration rather than litigation.
- The company insisted on including an arbitration clause in the contract to avoid the expense and publicity of a court trial.
- The arbitration clause specified that any disputes arising under the contract would be resolved through arbitration in accordance with the rules of the American Arbitration Association.
- The court upheld the arbitration clause in the contract, ruling that the parties had voluntarily agreed to resolve their disputes through arbitration.
- The arbitration clause was carefully negotiated by the parties, with each side seeking to ensure that their interests would be protected in the event of a dispute.