A ________ allows the parties to submit a specific dispute involving a contractual provision to arbitration if a contract does not provide for arbitration.
A) submission agreement
B) binding mediation clause
C) binding arbitration clause
D) resolution submission clause
E) Courts do not allow parties to submit anything if the contract does not provide for arbitration

Question

Quizplus · Accepted Answer

A submission agreement is specifically designed to allow parties to agree to submit a particular dispute to arbitration, even if their original contract does not include an arbitration clause. This enables parties to opt for arbitration for resolving specific disputes that arise, despite the absence of a pre-existing arbitration provision in their contract.

A ________ Allows the Parties to Submit a Specific Dispute