A(n) ________ is a separate agreement providing that a specific dispute be resolved through arbitration.
A)escrow agreement
B)submission agreement
C)binding agreement
D)unanimous consent agreement

Question

Quizplus · Accepted Answer

A submission agreement is a separate agreement between parties that stipulates a specific dispute be resolved through arbitration. It is a common practice in business agreements to include a submission agreement as it helps to resolve disputes without the need for costly and lengthy litigation. An escrow agreement is an agreement in which a third party holds and manages assets or funds until all parties involved meet the pre-agreed conditions. A binding agreement simply means an agreement that is legally enforceable. A unanimous consent agreement is an agreement that requires all parties involved to agree or give consent before binding any decision or action.

A(n) ________ Is a Separate Agreement Providing That a Specific