1.(Law) empowering but not compelling the doing of an act 2.(Philosophy)philosophythat may or may not occur 3.(Insurance)insurancedenoting a form of reinsurance in which the reinsurer has no obligation to accept a particular risk nor the insurer to reinsure, terms and conditions being negoti...
The arbitrators will consider this Agreement an honorable engagement rather than merely a legal obligation, and they are relieved of all judicial formalities and may abstain from following the strict rules of law.13b. NOTICE. To initiate arbitration, one of the parties will notify the other, in...