Allegation Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Allegation, written in plain English, along with examples of how it is used.
What is Allegation?
n. a private extraordinary judge chosen by the parties who have a matter in dispute, invested with power to decide the same. This power to them is given by the parties involved with mutual consent. An arbitrator is not the decision maker via a formal law procedure and is called so because he generally has an arbitrary power, there being in common no appeal from their sentences, which are called awards. For selection of arbitrators both parties are consulted and courts have lists of attorneys who serve as arbitrators, in case both parties want to decide on someone or they cannot come up with some arbitrator of their mutual choice.
History and Meaning of Arbitrator
An arbitrator is a private judge who is appointed by the parties themselves in order to resolve a dispute between them. The arbitrator is empowered to make a decision, which is called an award, and this decision is often final and binding on the parties. The arbitrator's decision is based on the evidence presented by the parties and the law that is applicable to the dispute. Arbitration is an alternative to litigation in court, and it is often used because it is faster, less expensive, and more private than going to court.
The use of arbitration has a long history, dating back to ancient times when it was used to resolve disputes among traders and merchants. In the United States, arbitration has been used to resolve disputes since the early 20th century, and it has become increasingly popular in recent years.
Examples of Arbitrator
In a dispute between two companies over a contract, the parties agree to use an arbitrator to resolve their dispute instead of going to court.
In a divorce case, the parties agree to use an arbitrator to resolve their property division and child custody disputes instead of going to court.
In a dispute between a landlord and tenant over the return of a security deposit, the parties agree to use an arbitrator to resolve their dispute instead of going to court.
Legal Terms Similar to Arbitrator
Mediator - a neutral third party who helps parties in dispute to negotiate a settlement.
Judge - a public official who presides over a court of law and has the authority to make rulings and decisions.
Magistrate - a judicial officer who has limited authority to preside over certain types of cases in a court of law.