Ohio Code 2712.66 – Termination order
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The arbitral tribunal shall issue an order for the termination of the arbitral proceedings when any of the following occurs:
Terms Used In Ohio Code 2712.66
- Arbitral tribunal: means a sole arbitrator or a panel of arbitrators. See Ohio Code 2712.01
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(A) The claimant withdraws his claim, unless the respondent objects to the order and the tribunal recognizes a legitimate interest of the respondent in obtaining a final settlement of the dispute.
(B) The parties agree on the termination of the proceedings.
(C) The tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible.