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compromisum

Compromisum, sometimes seen as compromis or compromissum, is a legal term used to describe a contract by which the parties to a dispute submit their controversy to arbitration rather than to the courts. The form has roots in Roman law and continued through medieval and early modern legal practice. The term derives from Latin compromisittere or compromissum, relating to entrusting or committing the matter to arbitrators.

A compromisum typically identifies the parties, the subject matter of the dispute, the number and method of

Historically, the compromis granted the chosen arbitrators authority to adjudicate the dispute, and the resultant award

In contemporary usage, civil-law jurisdictions still recognize the underlying idea, though modern terminology commonly uses arbitration

appointing
arbitrs,
the
seat
or
locale
of
arbitration,
applicable
rules,
and
the
scope
of
the
arbitrators’
authority.
It
can
be
a
separate
instrument
or
embedded
within
a
larger
contract.
The
instrument
creates
a
binding
submission
in
which
the
parties
consent
to
be
bound
by
the
arbitrators’
award.
was
generally
treated
as
final
and
binding,
subject
to
the
limited
grounds
for
challenge
found
in
various
legal
systems.
In
many
jurisdictions,
the
concept
figures
in
older
Latin
texts
and
continental
civil-law
practice.
agreement,
submission
to
arbitration,
or
an
arbitration
clause.
The
essential
function
remains
the
same:
to
substitute
private
arbitration
for
judicial
resolution.
Compromisum
should
not
be
confused
with
a
voluntary
settlement
reached
by
the
parties;
the
former
is
a
procedural
mechanism
to
submit
disputes
to
arbitration.
See
also
arbitration,
arbitral
award,
arbitration
clause.