NEGOTITATOR

Use of a private tribunal or person to adjudicate a dispute between parties instead of recourse to litigation.

Many countries have a legal basis for the use of arbitrators, sometimes making the decision of an arbitrator legally blinding on the parties. Sometimes it is a non-building voluntary arrangement when it arises out of a conciliation process.

If you are unable to resolve a dispute, refer the issue to a mutually acceptable third party who, for a fee, receives submissions from each side, exercises judgment and then pronounces a verdict. Alternatively, you and the disputing party can nominate one person each, and the two nominees then choose a third person to for an arbitration panel.