A provision in a contract that mandates that all disputes arising under the contract must be settled by arbitration is called a[n] ________.
A) Binding arbitration clause
B) Court-annexed arbitration clause
C) Approved mediation/arbitration clause
D) Consolidated merger clause
E) ADR neutral clause

Question

Quizplus · Accepted Answer

A binding arbitration clause is a provision in a contract that requires the parties to resolve disputes through arbitration rather than through litigation in court. This type of clause mandates that arbitration is the sole method for resolving disputes arising from the contract.

A Provision in a Contract That Mandates That All Disputes