Be Wise › Contract glossary › Arbitration
Arbitration
Arbitration is a private way of resolving disputes in which an independent arbitrator, not a court, makes a final and binding decision. It is confidential and flexible, but there are very limited rights of appeal.
In more detail
A contract can require disputes to go to arbitration under recognised rules, such as those of the London Court of International Arbitration. In England and Wales arbitration is governed by the Arbitration Act 1996, as amended by the Arbitration Act 2025.
In Scotland
In Scotland arbitration is governed by the Arbitration (Scotland) Act 2010 and its Scottish Arbitration Rules.
Put it into a contract
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England & Wales appScotland appReviewed 2026-09-24. General legal information, not legal advice.