Arbitration
Arbitration is a dispute resolution method in which both parties involved in the dispute agree to have their case judged by a panel of independent and impartial people. The panel reviews the facts of the case and issues a final decision binding on both parties.
In the case of domain names, the ICANN UDRP is an arbitration process that resolves disputes regarding domain names. An arbitration clause can also be included in a website purchase agreement. In this way, if there’s a dispute between the website buyer and seller after signing the agreement, the clause states exactly how it should be resolved in arbitration instead of in a courtroom.
Author: Kris Tabetando
Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.
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