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Legal Definitions - arbitrament
Justice is truth in action.
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Definition of arbitrament
Definition: Arbitrament refers to the power to decide for oneself or others, and to decide finally and absolutely. It also refers to the act of deciding or settling a dispute that has been referred to arbitration.
Examples:
- After hearing both sides of the argument, the judge made an arbitrament and declared the defendant guilty.
- The company's policy gave the manager the arbitrament to make decisions regarding employee promotions.
- When the two parties could not come to an agreement, they decided to submit their dispute to arbitrament.
The first example illustrates how a judge has the power to make a final and absolute decision in a legal case. The second example shows how a manager has the power to make decisions on behalf of the company. The third example demonstrates how two parties can agree to submit their dispute to an arbitrator to make a final decision.
Success in law school is 10% intelligence and 90% persistence.
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Simple Definition
Arbitrament: The power to make a final decision for oneself or others. It can also refer to the act of settling a dispute through arbitration. Another word for this is "award".
The life of the law has not been logic; it has been experience.
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