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Arbitration Agreement
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What is the legal definition of an arbitration agreement under the Arbitration and Conciliation Act, 1996?
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A
A written agreement between two or more parties to submit to arbitration all or certain disputes which have arisen or which may arise between them.
💡 Explanation:
According to Section 7 of the Arbitration and Conciliation Act, 1996, an arbitration agreement is a written agreement between two or more parties to submit to arbitration all or certain disputes which have arisen or which may arise between them.