Section 7 of ACA : Section 7: Arbitration Agreement
ACA
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Explanation using Example
Imagine that Sarah and Mike are business partners who have a contract that includes an arbitration clause. This clause specifies that any disputes related to their partnership will be resolved through arbitration rather than going to court. One day, a disagreement arises over the distribution of profits. Mike remembers the "arbitration agreement" in their contract and suggests they initiate the arbitration process to resolve their dispute.
Their agreement to arbitrate is already embedded within their pa...
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