Binding arbitration is a method of dispute resolution in which an impartial third party, known as an arbitrator, makes a decision to resolve a conflict after reviewing the evidence and arguments presented by the involved parties. The decision is legally binding and enforceable in courts.
Compulsory arbitration involves the forceful submission of a labor dispute to a neutral third party, such as a government body or the American Arbitration Association, for resolution. This method, also known as binding arbitration, has been resisted by labor unions and employers who prefer collective bargaining and economic pressure to resolve disputes.
A no-strike clause is an agreement between a labor union and management, wherein the union pledges not to strike over grievances in return for management's agreement to accept binding arbitration of unresolved grievances.
