Legal Definitions from Termly’s Legal Experts

Dispute Resolution

Dispute resolution definition (noun)
1.

Dispute resolution is the process of settling disagreements between parties. There are three basic types of dispute resolution: mediation, arbitration, and litigation.

  • Mediation is where a neutral third party helps the disputing parties reach a solution on their own.
  • Arbitration is when a neutral third party acts as a judge who listens to arguments and evidence, then makes a legally binding decision for the parties.
  • Litigation is when the dispute reaches a courtroom where a defendant argues against a plaintiff in front of a judge or judge and jury.

Appears in: Terms and Conditions

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