arbitration background

arbitration

/ˌɑː.bɪˈtɹeɪ.ʃən/ /ˌɑɹ.bɪˈtɹeɪ.ʃən/

Illustration arbitration - Image 1

noun

仲裁

The act or process of arbitrating.

Examples :

"The family used arbitration to settle their disagreement about who got to use the backyard trampoline. "

家族は、裏庭のトランポリンを誰が使用できるかについての意見の相違を解決するために仲裁を利用しました。

law business process economy

Illustration arbitration - Image 1

Illustration arbitration - Image 2

noun

仲裁

A process through which two or more parties use an arbitrator or arbiter in order to resolve a dispute.

Examples :

"After failing to agree on the terms of the contract, the company and the supplier agreed to submit their dispute to arbitration. "

契約条件で合意に至らなかった後、会社とサプライヤーは紛争を仲裁に付託することに合意しました。

law business process government organization

Illustration arbitration - Image 1

noun

仲裁

In general, a form of justice where both parties designate a person whose ruling they will accept formally. More specifically in Market Anarchist (market anarchy) theory, arbitration designates the process by which two agencies pre-negotiate a set of common rules in anticipation of cases where a customer from each agency is involved in a dispute.

Examples :

"The neighbors agreed to arbitration to settle their dispute over the shared garden fence. "

隣人たちは、共有の庭のフェンスをめぐる紛争を解決するために仲裁に合意しました。

politics theory government right philosophy action value system process organization law economy society business service