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Core contract language · Core

Arbitration

Also called: arbitral process

ELI5

Private dispute resolution in which an arbitrator issues a decision under agreed rules.

Used in conversation

“Keep arbitration on the dashboard, but show the definition and reporting period beside it.”

Pitch context

You will see “Arbitration” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches core contract language.

Why it matters: In core contract language, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

When the words have to travel

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Sources & evidence · 6

Direct term-level sources and supporting source families.