Faculty of Humanities and Social Science > Law

Arbitration

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AbdurRahim:
Settlement of a dispute (whether of fact, law, or procedure) between parties to a contract by a neutral third party (the arbitrator) without resorting to court action. Arbitration is usually voluntary but sometimes it is required by law. If both sides agree to be bound by the arbitrator's decision (the 'award') it becomes a binding arbitration.

Sonali_Rani:
 If they are not agreed to the award given by the arbitrator is the case will re institute in court? 

Ferdousi Begum:
I don't think so ma'am.

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