Asked by Jatesha Peters on Jul 09, 2024
Verified
A ________ allows the parties to submit a specific dispute involving a contractual provision to arbitration if a contract does not provide for arbitration.
A) submission agreement
B) binding mediation clause
C) binding arbitration clause
D) resolution submission clause
E) Courts do not allow parties to submit anything if the contract does not provide for arbitration
Submission Agreement
A contract which provides that a specific dispute will be resolved in arbitration.
- Gain an understanding of the core principles and different forms of Alternative Dispute Resolution (ADR), such as arbitration and mediation.
Verified Answer
JM
jason mcelyeaJul 10, 2024
Final Answer :
A
Explanation :
A submission agreement is specifically designed to allow parties to agree to submit a particular dispute to arbitration, even if their original contract does not include an arbitration clause. This enables parties to opt for arbitration for resolving specific disputes that arise, despite the absence of a pre-existing arbitration provision in their contract.
Learning Objectives
- Gain an understanding of the core principles and different forms of Alternative Dispute Resolution (ADR), such as arbitration and mediation.
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