arbitration

US /ˌɑːr.bəˈtreɪ.ʃən/
UK /ˌɑːr.bəˈtreɪ.ʃən/
"arbitration" picture
1.

the use of an arbitrator to settle a dispute

:
The union and management agreed to resolve their differences through arbitration.
International disputes are often settled by arbitration.