/ɑːrbɪˈtreɪʃən klɔːz/ – Phrase
Definition: điều khoản trọng tài.
A more thorough explanation: An arbitration clause is a provision in a contract that requires the parties to resolve any disputes arising under the contract through arbitration rather than through traditional litigation in court.
Example: The arbitration clause in the contract stipulates that any disputes between the parties will be resolved through binding arbitration rather than litigation.