An arbitrator is a neutral third party who helps resolve disputes between two or more parties outside of the court system. They listen to the arguments and evidence presented by each side and then make a binding decision, known as an arbitration award. This process is often faster and less formal than traditional litigation, making it a popular choice for resolving conflicts in various fields, including business and labor relations.
Arbitrators are typically chosen for their expertise in a specific area related to the dispute, such as contract law or employment issues. The arbitration process is governed by rules that may vary depending on the jurisdiction or the specific arbitration organization involved, such as the American Arbitration Association.