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ARBITRATION CLAUSE Definition & Legal Meaning

Definition & Citations:

A clause inserted in a contract providing for compulsory arbitration in case of dispute as to righis or liabilities under it; ineffectual if it purports to oust the courts of jurisdiction entirely. See Perry v. Cobb. 88 Me. 435, 34 Atl. 278; 49 L. R. A. 3*9.


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