See Also: BENEFICIAL INTEREST(law)
beneficial(dictionary)
beneficial(dictionary)
BENEFICIAL(law)
Beneficial ownership(finance)
Beneficial ownership(money)
Beneficial Owner(money)
Beneficial Impacts(money)
Beneficial owner(finance)
NOBO (Non-Objecting Beneficial Owner)(money)

Arbitration (law) and BENEFICIAL INTEREST (law)


Arbitration (law)




A form of alternative dispute resolution in which the parties bring their dispute to a neutral third party and agree to abide by his or her decision. In arbitration there is a hearing at which both parties have an opportunity to be heard.









Others:






The hearing of a dispute by an impartial third person or persons (chosen by the parties), whose award the parties agree to accept.







Others:


A form of alternative dispute resolution in which an authorized individual sits as the arbiter of a legal dispute in lieu of a formal judicial proceeding. Arbitration may be binding or non-binding, depending on the agreement of the parties. Even if arbitration is binding, appeals to a district court can still be made in some cases. Very often, arbitration tends to be less formal, less expensive and faster. However, courts in a trademark infringement or dilution case can often hear a motion for temporary injunction very quickly as well, if all the requirements for a temporary injunction are met.







Others:


A method of alternative dispute resolution in which the disputing parties agree to abide by the decision of an arbitrator.







Others:


A method of dispute resolution in which the disputing parties agree to abide by the decision of an arbitrator instead of going to Court.







Others:


Arbitration in a lemon law context is an informal and usually useless process that consumers may use to try and resolve a warranty dispute outside of the court system by presenting it to a third party (ie. the Dispute Settlement Board, Better Business Bureau, etc.) for a decision. In California it is legally binding on the manufacturer only.







Others:


A determination made by impartial persons (often experts) as to the value of property or the extent of damage. In arbitration the proceeding is typically far less formal that a court proceeding, but the decision of the arbitrator is final, absent fraud. A







Others:


A process where the people in a dispute agree to allow a third person not a judge to decide their disagreement.





BENEFICIAL INTEREST (law)


BENEFICIAL INTEREST. That right which a person has in a contract made with another; as if A makes a contract with B that he will pay C a certain sum of another; as if A makes a contract with B that he will pay C a certain sum of money, B has the legal interest in the contract, and C the beneficial money, B has the legal interest in the contract, and C the beneficial interest. Hamm. on Part. 6, 7, 25 2 Bulst. 70. interest. Hamm. on Part. 6, 7, 25 2 Bulst. 70.