Anticipated Compromise: A situation where two or more countries agree to allow an arbitrator or international court to settle a dispute they are involved in. This agreement can be specific to a particular dispute or apply to any potential disputes that may arise between them.
An anticipated compromis refers to an agreement between two or more countries to bring an existing dispute before an arbitrator, arbitral tribunal, or international court. This is similar to a general compromis, where countries agree to submit all or a specific category of disputes to an arbitral institution, court, or ad hoc arbitral tribunal. For instance, if two countries have a border dispute, they may opt for an anticipated compromis and present the issue to an international court for resolution. On the other hand, if two countries frequently have trade disputes, they may establish a general compromis and commit to submitting any future trade conflicts to an arbitral institution. Both anticipated and general compromis serve as crucial means for resolving disputes between countries without resorting to war or other forms of conflict. By agreeing to involve a neutral third party, countries can avoid the costs and risks associated with armed conflict and strive for a peaceful resolution.
An anticipated compromise is a legal agreement between parties in a dispute to settle the matter before it goes to court.
Yes, an anticipated compromise is legally binding as long as it meets the requirements of a valid contract.
An anticipated compromise can save time and money by avoiding a lengthy court process, and it allows the parties to have more control over the outcome of the dispute.
Anticipated compromises are commonly used in civil disputes, but they may not be suitable for all types of legal matters, such as criminal cases.
If one party breaches the anticipated compromise agreement, the other party may be able to take legal action to enforce the terms of the agreement.
It is recommended to have a lawyer draft or review an anticipated compromise to ensure that it is legally sound and protects your interests.
Yes, confidentiality provisions can be included in an anticipated compromise to protect sensitive information from being disclosed.
An anticipated compromise can be revoked or modified if both parties agree to the changes in writing.
If one party fails to honor the anticipated compromise, the other party may seek legal remedies, such as damages or specific performance.
The duration of an anticipated compromise can vary depending on the terms agreed upon by the parties, but it typically remains in effect until the dispute is resolved according to the terms of the agreement.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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