What is the formal proceeding for resolving disputes before an arbitrator called?

The formal proceeding for resolving disputes before an arbitrator is known as arbitration. In arbitration, a neutral third party, called an arbitrator, is appointed to listen to both sides of the dispute and make a binding decision based on the evidence and arguments presented. This process allows parties to resolve their conflicts without going through the court system, providing a more streamlined and often faster approach to dispute resolution.

Arbitration is distinct from mediation, which involves a mediator facilitating negotiation between the parties without imposing a decision. It is also different from a hearing, which can refer to various types of procedural meetings in legal contexts, including administrative or judicial hearings where a decision-maker evaluates evidence. Litigation, on the other hand, refers to the process of taking legal action through the courts, which is typically more formal and public than arbitration.

Understanding arbitration is crucial as it often plays a significant role in commercial disputes, labor relations, and various contractual agreements where parties consent to resolve their issues outside of traditional court settings.