Match the term to the correct definition.

Arbitrator

A neutral third party or panel of experts that hears a dispute in arbitration

Arbitration clause

A part of the contract that provides that, in the event of a dispute, the parties will submit the dispute to arbitration rather than litigate the dispute in court

Arbitration

In the context of arbitration, the arbitrator's decision

Award

The settling of a dispute by submitting it to a disinterested third party $($other than a court$),$ who renders a decision The decision may or may not be legally binding.