What is a provision in a contract mandating that all disputes arising under the contract be settled by arbitration called?
A)A binding arbitration clause
B)A non-compete agreement
C)A forum non conveniens clause
D)An in rem clause
E)A quasi in rem clause

Question

Quizplus · Accepted Answer

The primary method of securing arbitration is through a binding arbitration clause,a provision in a contract that mandates that all disputes arising under the contract must be settled by arbitration.The clause also typically states how the arbitrator will be selected.If parties have a binding arbitration agreement,the parties must resolve the dispute through arbitration.Both federal and state courts must uphold agreements to arbitrate.

What Is a Provision in a Contract Mandating That All