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Definitions from the Web

Arbitration Agreement

An arbitration agreement is a legally binding contract between two or more parties in which they agree to submit any disputes to be resolved through arbitration rather than litigation in court.

Examples

1. Before signing the employment contract, make sure to read and understand the arbitration agreement included.
2. The two companies agreed to settle their differences through an arbitration agreement to avoid lengthy court battles.
3. In the event of a dispute, the parties must follow the guidelines outlined in the arbitration agreement they signed.

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