Compulsory binding arbitration definition

Compulsory binding arbitration means a contract provision requiring arbitration as an automatic and exclusive remedy for any dispute involving a contract of insurance to the exclusion of any otherwise available judicial remedy, provided that the claim or controversy exceeds the jurisdictional limit of the small claims court of the state where the action would be brought.
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Compulsory binding arbitration means a contract provision requiring arbitration as an automatic and exclusive remedy for
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Examples of Compulsory binding arbitration in a sentence

  • Compulsory binding arbitration has gained popularity and may be the most effective alternative to strike as a mechanism to settle impasses in collective bargaining negotiations.

  • Compulsory binding arbitration permits faculty to still negotiate their terms of employment with administrators without interfering with student's academic learning.

Related to Compulsory binding arbitration

  • Arbitration means any arbitration whether or not administered by a permanent arbitral institution;

  • Arbitration Act means the Arbitration and Conciliation Act, 1996 and shall include any amendment to or any re-enactment thereof as in force from time to time.

  • Dispute Resolution means the procedure set forth in this LGIP for resolution of a dispute between the Parties.

  • Mediation means any process in which a mediator facilitates communication and negotiation between the parties to assist them in reaching a voluntary agreement regarding their dispute.

  • Dispute Resolution Process means the process described in clause 9

  • dispute resolution proceeding ’ means any process in which an alternative means of dispute resolution is used to resolve an issue in controversy in which a neutral is appointed and specified parties participate;

  • Arbitrator means the authority nominated by Chief General Manager (CGM) for arbitration.

  • Arbitral Tribunal means a sole arbitrator or a panel of arbitrators;