arbitration panel

An arbitration panel is a group of one or more impartial experts who resolve disputes outside of courts. When two parties have a disagreement, they agree to submit their conflict to this panel, which reviews evidence and makes a binding decision. This process is often faster and more flexible than traditional litigation, and the panel’s role is to ensure a fair and neutral resolution based on the facts and agreed-upon rules. Arbitration panels are common in commercial, construction, and industry disputes, providing a specialized, private alternative to court proceedings.