arbitration background

arbitration

/ˌɑː.bɪˈtɹeɪ.ʃən/ /ˌɑɹ.bɪˈtɹeɪ.ʃən/

Illustration arbitration - Image 1

noun

중재

The act or process of arbitrating.

Examples :

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

가족은 뒷마당 트램펄린을 누가 사용할 수 있는지에 대한 의견 불일치를 해결하기 위해 중재를 이용했다.

law business process economy

Illustration arbitration - Image 1

Illustration arbitration - Image 2

noun

중재

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. "

계약 조건에 동의하지 못한 후, 회사는 공급업체와 분쟁을 중재에 회부하기로 합의했습니다.

law business process government organization

Illustration arbitration - Image 1

noun

중재

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. "

이웃들은 공유 정원 울타리에 대한 분쟁을 해결하기 위해 중재에 동의했습니다.

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