Q: What is Contractual Arbitration ?
Ans: Contractual
Arbitration is when parties to a contract agree to resolve future
disputes via binding arbitration rather than in court or otherwise.
Contractual Arbitration can be either Ad-Hoc Arbitration and/or Institutional Arbitration.
A
contract is an official document in which several terms are agreed upon
by the parties. Sometimes, parties to a contract or who are in contract
would include an arbitration clause in the contract which clarifies
referring any dispute to arbitration before moving towards the courts.
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