What does Expert determination mean?

Answer 1

Expert determination is a dispute resolution process in which an independent expert is appointed to make a binding decision on a specific issue or matter, typically in areas requiring specialized knowledge. This method is often used in fields like construction, finance, or intellectual property disputes, where technical expertise is crucial. The expert's decision is usually final and enforceable, providing a quicker and more cost-effective alternative to traditional litigation. It is important for the parties to agree on the expert's qualifications and the scope of their authority in advance.