Arbitration clauses require agreement on two counts. Which of the following is one of those accounts?
A) The complainants agree on who is right and who is wrong.
B) The complainants agree on litigation issues.
C) The complainants agree to abide by the awards resulting from the arbitration.
D) The complainants agree to not hire legal counsel.
E) The complainants agree to hear the case before the World Court if the arbitration fails.

Question

Quizplus · Accepted Answer

Arbitration clauses require agreement on two counts: (1) The parties agree to arbitrate in the case of a dispute according to the rules and procedures of some arbitration tribunal and (2) they agree to abide by the awards resulting from the arbitration.

Arbitration Clauses Require Agreement on Two Counts