Question

What is mean by Arbitration clause....?​

Answer 1

Explanation:

Arbitration is a private process where disputing parties agree that one or several individuals can make a decision about the dispute after receiving evidence and hearing arguments.

An arbitration clause is a section of a contract that deals with the parties' rights and options in the event of a legal dispute over the contract.

Answer 2

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clause in a contract laying down that disputes between the parties should be settled by arbitration. Small-business owners often include an arbitration clause in contracts to avoid costly litigation .

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