arbitration

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ar·bi·tra·tion

(ahrbi-trāshŭn)
Dispute resolution conducted and overseen by someone with no stake in the outcome.

arbitration

(ar-bi-trā′shŏn) [L. arbitratio, decision]
1. A legal procedure for settling a dispute outside the courts, in which the parties select and agree to abide by the decision of a neutral third party (the arbiter or arbitrator).
2. In radiology, the interpretation of images by two or more readers, who determine and report their findings after conferring together.
References in periodicals archive ?
The yard goes to arbitration on Tuesday to fight for pounds 23 million it says it is owed as a final payment for two oil drill ships built for a US company.
Bees boss Colin Pratt has requested Richardson's proposed switch from the Dorset club goes to arbitration.
[solid index] Designate clearly who pay any costs and fees if the conflict goes to arbitration. Often the view seeker pays a larger percentage of dispute-resolution fees.