The vaccine offered 98 percent protection in the first year and that protection remained at 85 percent or higher three years after vaccination â stronger protection than the only other shingles vaccine on the market, Merckâs Zostavax.
Definition of ARBITRATION CLAUSE: A clause inserted in a contract providing for compulsory arbitration in case of dispute as to righis or liabilities under it; ineffectual if it purports to The Law Dictionary Featuring Black's Law Dictionary Free Online Legal Dictionary 2nd Ed.
Related Terms. Settlement of a dispute (whether of fact, law, or procedure) between parties to a contract by a neutral third party (the arbitrator) without resorting to court action. Arbitration is usually voluntary but sometimes it is required by law. If both sides agree to be bound by the arbitrator's decision (the 'award') it becomes a binding arbitration.