arbitration

(law) The resolution of a dispute between two parties through a voluntary or contractually required hearing and determination by an impartial third party. The impartial third party is called the arbiter or arbitrator and is chosen by a higher or disinterested body, or by the two parties in dispute. In the United States, the main arbitration body is the American Arbitration Association; 1633 Broadway, Floor 10; New York, New York 10019; Tel: [1] (212) 716-5800; Fax: [1] (212) 716-5905; E-mail: Websitemail@adr.org; Web: www.adr.org. Internationally, the main arbitration body is the International Chamber of Commerce (ICC); 38 Cours Albert 1er; 75008 Paris, France; Tel: [33] 49-53-28-28; Fax: [33] 49-53-28-59; Web: www.iccwbo.org. For the U.S. representative of the ICC, contact: U.S. Council for International Business; 1212 Avenue of the Americas; New York, NY 10036 USA; Tel: [1] (212) 354-4480; Fax: [1] (212) 575-0327; E-mail: info@uscib.org; Web: www.uscib.org. See arbitration clause; American Arbitration Association; International Chamber of Commerce.

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