仲裁 (zhòng cái): อนุญาโตตุลาการ

Both parties agreed to resolve the dispute through arbitration.

The arbitration award is final and binding on both parties.

They decided to submit the contract dispute to arbitration.

Arbitration is usually faster and more economical than litigation.

According to the arbitration clause, disputes shall be submitted to the China International Economic and Trade Arbitration Commission for arbitration.