It often used for the resolution of commercial disputes mainly in the context of international commercial transactions. Certain countries like such as the United States, arbitration is also frequently employed in consumer and employment matters, where arbitration may be mandated by the terms of employment or commercial contracts. Arbitration is a method for the resolution of disputes outside the courts. It is a form of “alternative dispute resolution” (ADR).
Dimple Agarwal & Pragati Jaiswal, 2nd year, BANGALORE INSTITUTE OF LEGAL STUDIES