Arbitrator Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Arbitrator, written in plain English, along with examples of how it is used.
What is Arbitrator?
n. in many jurisdictions, the Attorney General or Attorney-General, and is the main legal adviser to the government, and might have other executive responsibility too. His duties are prosecution of and conducting all suits in the supreme court, giving advice upon questions of law and legal dilemmas, from The President or from the heads of any of the departments. In USA he is the highest ranking office in the Supreme Court, as appointed by, sworn in and affirmed to a faithful execution of his office by The President of USA, as approved by the Senate. In Australia the Attorney-General is the chief law officer of the Crown and a member of the Cabinet.
History and Meaning of Arbitrator
An arbitrator is a neutral third party appointed to resolve a dispute between two parties without going to court. The concept of arbitration dates back to ancient times when conflicts were resolved by a mutually agreed-upon third party. Today, arbitration is widely used in commercial and labor disputes, and sometimes in consumer disputes too. It is often used as an alternative to court litigation as a quicker and cheaper process.
Examples of Arbitrator
- In a labor dispute between a union and a company, the parties might agree to use an arbitrator to resolve disagreements over wages, working conditions, or contract language.
- When two businesses have a contract dispute, they might decide to take it to arbitration instead of going to court, and an arbitrator would be appointed to decide the matter.
- Some consumer contracts, such as credit card agreements or online terms of service, include an arbitration clause, meaning that any disputes must be resolved by an arbitrator rather than going to court.
Legal Terms Similar to Arbitrator
- Mediator - A neutral third party who helps two disputing parties reach a resolution through negotiation and compromise.
- Judge - A legal professional appointed or elected to preside over court proceedings and make legal decisions.
- Conciliator - A person or organization tasked with bringing two disagreeing parties to a compromise without issuing a binding decision.