expert determination

expert determination
A type of alternative dispute resolution. A binding inquisitorial process that can offer an effective means of settling a technical issue or dispute between contracting parties. Although it is possible to arrange an expert determination on an ad hoc basis, it is most usually provided for in commercial agreements. An expert determination may be sought broadly in two categories of dispute: where a valuation is required and where an expert opinion is needed on a technical matter.
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expert determination

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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