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What does arbitral mean?

Arbitral is used to describe things related to or involving arbitration—the process in which two parties in a dispute use an independent, impartial third party to settle the dispute, often by making a decision that they both agree to.For a process to be considered arbitration, it must involve an impartial third party, which can be a single person or a team of people. This person or team is called an arbitrator. To act as this arbitrator is to arbitrate.The term arbitration is typically used in the context of negotiations between businesses and labor unions as well as in international disputes. When two sides can’t agree and negotiations are unproductive, they may seek to pursue arbitration by bringing in an arbitrator.In these contexts, arbitral is often used in phrases like arbitral decision and arbitral award (a monetary or other award decided upon by an arbitrator).Arbitral can also be used to describe something involving an arbiter, which generally refers to any person who has been assigned the role of settling a dispute or rendering a decision on an issueExample: The arbitral award resulting from the arbitration process is still controversial.