Question

The expression 'Arbitration agreement' under section $7$ of Arbitration and Conciliation Act, $1996$ means ______.

• A. any agreement which have arisen under the Arbitration Act of $1940$
• B. any agreement to submit to arbitration all or certain disputes which have arisen or which may arise between them in respect of a defined legal relationship, contractual or not
• C. any agreement to submit to arbitration certain disputes of civil nature
• D. any agreement to submit to arbitration certain disputes of criminal nature

Answer 1

Answer: (B)

any agreement to submit to arbitration all or certain disputes which have arisen or which may arise between them in respect of a defined legal relationship, contractual or not

An arbitration agreement may be in the form of an arbitration clause in a contract or in the form of a separate agreement. It shall be in writing. An arbitration agreement is in writing if it were contained in a document signed by the parties; an exchange of letters, telex, telegrams or other means of telecommunication which provide a record of the agreement; or an exchange of statements of claim and defence in which the existence of the agreement is alleged by one party and not denied by the other.