interest arbitration

Definition of "interest arbitration"
  1. The process of resolving disagreements about the terms to be included in an upcoming agreement or contract
How to use "interest arbitration" in a sentence
  1. The employees and the management agreed to undergo interest arbitration to finalize the terms of their new contract.
  2. Interest arbitration helped in settling the debate about payment terms between the contractor and the client.
  3. To avoid legal battles, the two businesses decided to resolve their difference through interest arbitration.

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