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Definitions from the WebArbitration ClauseDescription:An arbitration clause is a contractual provision that requires the parties involved in a dispute to resolve their differences through arbitration rather than going to court. It is commonly found in various types of contracts, such as employment agreements, consumer contracts, and business contracts. Sample sentences:1. The company's employment contract includes an arbitration clause which states that any disputes between the employee and the employer will be settled through binding arbitration. 2. The arbitration clause in the purchase agreement stipulated that any disagreements regarding the property sale would be resolved by a neutral arbitrator. 3. Without an arbitration clause, the parties would have had to endure a lengthy and costly court battle to settle their contract dispute. Related products: | ||||
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