Arbitrator

An arbitrator is a neutral third party appointed to resolve a dispute outside of a court of law. They listen to both sides of the argument, consider evidence, and then issue a binding or non-binding decision, known as an arbitration award. The arbitrator's role is to facilitate a fair and efficient resolution, often specializing in a particular field related to the dispute. They are chosen by mutual agreement of the parties or appointed by an arbitration institution. Arbitrators must act impartially and independently, ensuring due process for all involved.

Arbitrator meaning with examples

• The company and the union agreed to hire an arbitrator to resolve the ongoing wage dispute. Both sides presented their cases and supporting documents to the arbitrator, who then issued a binding decision that settled the negotiations, avoiding a potential strike. Their expertise in labor relations was crucial to understanding the complex arguments.
• When the construction project experienced delays and cost overruns, the contractor and client opted for an arbitrator to determine responsibility. The arbitrator reviewed the contract, inspected the site, and heard testimonies. This helped them to make a decision on who should be responsible for the additional costs and delays as a fair and quick solution.
• In a case of international trade disagreements, an arbitrator was appointed to interpret the terms of the contract between the supplier and the distributor. They examined the contract details and applied their legal expertise and decided on a solution acceptable to both parties. This ensured a swift resolution compared to costly legal litigation in different countries.
• Following a homeowner's complaint about faulty work, they agreed to use an arbitrator, rather than going to court, and settled a contractor dispute about the home renovation project. The arbitrator was able to analyze the evidence and then make a ruling on the financial compensation owed. This process avoided lengthy legal battles.