Asked by Carla Marie on May 09, 2024
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After having signed a contract with a binding arbitration clause in it, an employer is legally bound to accept an arbitrator's decision on a particular issue even if they disagree with that decision.
Binding Arbitration Clause
A provision in a contract that requires disputes to be resolved by arbitration, with the decision being final and enforceable by law.
Arbitrator's Decision
A binding determination made by an arbitrator, an impartial third party chosen to resolve a dispute, within the context of arbitration proceedings.
Employer
An individual or organization that hires and pays people to work for them.
- Comprehend the role and legal enforceability of arbitration in labor disputes.
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Learning Objectives
- Comprehend the role and legal enforceability of arbitration in labor disputes.
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