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I do understand what an arbitration agreement is but what do they mean by arbittration clause ? I read that arbitration clause can be treated as a separate independent part of the contract.
It’s a clause within a contract whereby the two contracting parties agree to submit any disagreement to an independent arbitrator
If there were no such clause, and there was a disagreement, either of the two could object to arbitration as a means of settling the dispute and that would leave the other party with the only course to take as the course that involves the legal system and (expensive) Courts
OK?
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