Legal Definitions from Termly’s Legal Experts

Dispute Resolution

Dispute resolution definition (noun)

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

Legal Definitions from Termly’s Legal Experts

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