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Arbitration award
Arbitration awardAn Arbitration Award is an agreement to submit to arbitration present or future disputes (whether they are contractual or not). The reference in an agreement to a written form of arbitration clause or to a document containing an arbitration clause constitutes an arbitration agreement if the reference is such as to make that clause part of the agreement. RELATED TERMS-------------------------------------- Arbitration The settling of a dispute by an arbitrator. Arbitration is a long established alternative to litigation (which may not always be less complex) and which involves an arbitrator reaching a judgment, which is binding on both parties. Where arbitrators cannot agree they may appoint an "umpire". The decision of an arbitrator is known as an "award". Award A decision made by a court to compensate a person for something. Agreement A verbal or written resolution of disputes. Present A gift, or wore properly the thing given. It is provided by the constitution of the United States, that "no person holding any office of profit or trust under them, [the United States] shall, without the consent of congress, accept of any present, emolument, or office, or title of any kind whatever, from any king, prince, or foreign state." Reference 1) Contracts. An agreement to submit to certain arbitrators, matters in dispute between two or more parties, for their decision, and judgment. The persons to whom such matters are referred are sometimes called referees. 2) Mercantile law. A direction or request by a party who asks a credit to the person from whom he expects it, to call on some other person named in order to ascertain the character or mercantile standing of the former. 3) Practice. The act of sending any matter by a court of chancery or one exercising equitable powers, to a master or other officer, in order that he may ascertain facts and report to the court. By reference is also understood that part of an instrument of writing where it points to another for the matters therein contained. Clause Contracts. A particular disposition which makes part of a treaty; of an act of the legislature; of a deed, written agreement, or other written contract or will. SIMILAR TERMS-------------------------------------- Arbiter One who, decides without any control. A judge with the most extensive arbitrary powers; an arbitrator. Arbitral award The decision reached by arbitrators in an arbitration (infra). Arbitral tribunal The panel of arbitrators or the single arbitrator charged with hearing and rendering an arbitral award in order to decide an arbitration. Arbitrament A term nearly synonymous with arbitration. Arbitrament and award The name of a plea to an action brought for the same cause which had been submitted to arbitration, and on which an award had been made. Arbitrary What depends on the will of the judge, not regulated or established by law. Arbitrary punishments Practice. Those punishments which are left to the decision of the judge, in distinctiou from those which are defined by statute. Arbitration The settling of a dispute by an arbitrator. Arbitration is a long established alternative to litigation (which may not always be less complex) and which involves an arbitrator reaching a judgment, which is binding on both parties. Where arbitrators cannot agree they may appoint an "umpire". The decision of an arbitrator is known as an "award". Arbitration agreement The agreement concluded between parties, providing for the submission of their dispute to arbitration, usually in a particular place, under a particular law governing the dispute along with rules of procedure governing the appointment of arbitrators and the arbitration process. The law applicable to the arbitration agreement, the laws applicable to the subject of the dispute, the law of the arbitral proceedings and the applicable conflict rules may all be different, each having a proper law of its own. Arbitration clause A clause in a bill of lading, a waybill, a charterparty or other contract, providing that any dispute arising under the contract shall be submitted to arbitration (supra) before one or more arbitrators, in the place and according to the laws and rules specified in the clause. Arbitration exception An exception to the principle of foreign sovereign immunity found in the Foreign Sovereign Immunities Act of the United States, whereby the foreign sovereign is not immune from jurisdiction in any case in which the action is brought to confirm an arbitral award if the arbitration agreement or arbitral award is or may be governed by a treaty or other international agreement in force for the United States calling for the recognition and enforcement of arbitral awards. Arbitrator A private extraordinary judge chosen by the parties who have a matter in dispute, invested with power to decide the same. Arbitrrary law An arbitrary law is one made by the legislator simply because he wills it, and is not founded in the nature of things; such law, for example, as the tariff law, which may be high or low. This term is used in opposition to immutable. PREVIOUS AND NEXT TERMS-------------------------------------- Arbitrament and award The name of a plea to an action brought for the same cause which had been submitted to arbitration, and on which an award had been made. Arbitrary What depends on the will of the judge, not regulated or established by law. Arbitrary punishments Practice. Those punishments which are left to the decision of the judge, in distinctiou from those which are defined by statute. Arbitration The settling of a dispute by an arbitrator. Arbitration is a long established alternative to litigation (which may not always be less complex) and which involves an arbitrator reaching a judgment, which is binding on both parties. Where arbitrators cannot agree they may appoint an "umpire". The decision of an arbitrator is known as an "award". Arbitration agreement The agreement concluded between parties, providing for the submission of their dispute to arbitration, usually in a particular place, under a particular law governing the dispute along with rules of procedure governing the appointment of arbitrators and the arbitration process. The law applicable to the arbitration agreement, the laws applicable to the subject of the dispute, the law of the arbitral proceedings and the applicable conflict rules may all be different, each having a proper law of its own. Arbitration award Arbitration clause A clause in a bill of lading, a waybill, a charterparty or other contract, providing that any dispute arising under the contract shall be submitted to arbitration (supra) before one or more arbitrators, in the place and according to the laws and rules specified in the clause. Arbitration exception An exception to the principle of foreign sovereign immunity found in the Foreign Sovereign Immunities Act of the United States, whereby the foreign sovereign is not immune from jurisdiction in any case in which the action is brought to confirm an arbitral award if the arbitration agreement or arbitral award is or may be governed by a treaty or other international agreement in force for the United States calling for the recognition and enforcement of arbitral awards. Arbitrator A private extraordinary judge chosen by the parties who have a matter in dispute, invested with power to decide the same. Arbitrrary law An arbitrary law is one made by the legislator simply because he wills it, and is not founded in the nature of things; such law, for example, as the tariff law, which may be high or low. This term is used in opposition to immutable. Arbor consanguinitatis A table, formed in the shape of a tree, in order to show the genealogy of a family. The progenitor is placed beneath, as if for the root or stem the persons descended from him are represented by the branches, one for each descendant. We thank you for using the Juridical Dictionary to search for Arbitration award. If you have a better definition for Arbitration award than the one presented here, please let us know by making use of the suggest a term option. This definition of Arbitration award may be disputed by other professionals. Our attempt is to provide easy definitions on Arbitration award and any other medical topic for the public at large.
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