Relating to, involving, or serving the purpose of arbitration or the settlement of disputes by an arbitrator.
From 'arbitration' with the adjectival suffix '-ive' (having the quality of). This adjective describes processes, systems, or actions that pertain to the arbitrative function.
Arbitrative procedures have become increasingly important in modern global commerce—multinational companies often agree to arbitrative clauses in contracts specifically to avoid unpredictable national court systems and resolve disputes faster.
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